Teladoc rises after earnings beat

Teladoc rose after-hours following earnings results that beat analysts’ expectations.

The company reported a net loss per share of $0.19, compared to the $0.26 loss per share analysts polled by FactSet were expecting. It also reported revenue of $631.9 million, down 2% from the same period last year, but more than the $623 million analysts were expecting.

Teladoc rose about 5% on the news after-hours. Before the report, the company was down 17% so far this year. The company appointed a new CEO in June after the abrupt departure of its longtime leader in April.