By Dean Seal

Shares of Teladoc Health slumped after the company logged a wider fourth-quarter loss than analysts had expected and provided tepid guidance for 2025.

The stock was down 18% at $9 in early trading. Shares are now teetering into negative territory year-to-date. They were trading at $15.16 this time a year ago.

The virtual care company reported a loss of 28 cents a share for the fourth quarter. Analysts polled by FactSet had been expecting a smaller 26-cent per-share loss. Revenue of $640.5 million for the quarter was $1 million higher than projected.

Teladoc guided for $2.47 billion to $2.58 billion in revenue in 2025, along with a net loss of 50 cents to $1.10 a share. The midpoint of those ranges were weaker than analyst projections, which have since been adjusted to reflect lower sales and a wider loss, according to FactSet.

The current year is a known transition year for Teladoc, and the stock decline likely reflects that guidance is heavily weighted toward the back-end of the year, Stifel analysts said in a research note.

"We expect TDOC's stock price to remain volatile given the absence of near-term catalysts and a meaningful short interest," the analysts said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 27, 2025 10:00 ET (15:00 GMT)

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