14 minutes ago
Teladoc stock falls due to weak earnings
Teladoc stock fell more than 20% before the bell Wednesday, the morning after the online health care company announced lower-than-expected earnings and guidance.
The company reported revenue of $661 million, lower than the $671 million expected by analysts polled by LSEG. However, Teladoc's loss was 17 cents per share, smaller than the 21 cents expected by analysts surveyed.
For the current quarter, Teladoc expected revenue between $630 million and $645 million. That's lower than analysts' expectations of $673 million, according to LSEG.
Teladoc stock is down nearly 5% so far in 2024, underperforming the broader market.
— Alex Harring
26 minutes ago
SolarEdge sold for disappointing profits
SolarEdge stock fell 20% premarket after the company reported mixed quarterly results. The solar inverter maker's fourth-quarter revenue was $316 million, below LSEG's estimate of $354 million. The company also reported a smaller-than-expected loss for the quarter.
However, the company's first-quarter earnings outlook was significantly lower than analysts expected.
— Fred Imbert
13 hours ago
Amazon to join Dow Jones Industrial Average next week
13 hours ago
Stock prices move significantly after hours
Check out the companies making headlines after the bell.
Palo Alto Networks – Shares fell nearly 19% after the cybersecurity company's full-year earnings outlook fell short of expectations. Palo Alto Networks said it now expects full-year revenue growth to be 15% to 16%, down from its previous forecast of 18% to 19% growth. The company also lowered its full-year sales forecast. Meanwhile, adjusted profit and sales for the fiscal second quarter exceeded analyst expectations.
Diamondback Energy — Shares rose 1.6% after the energy company posted wins on both top and bottom lines in the fourth quarter. Diamondback posted adjusted earnings of $4.74 per share on revenue of $2.23 billion. Analysts polled by LSEG had expected earnings of $4.66 per share and revenue of $2.17 billion.
Caesars Entertainment — The hotel and resort stock fell more than 1% after missing revenue last quarter. According to LSEG, Caesars reported revenue of $2.83 billion, while analysts expected it to be $2.85 billion.
— Ha-Kyung Kim
13 hours ago
