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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.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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