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Teladoc slips after reporting earnings miss, slowing revenue

Teladoc sank more than 6% in after-hours trading after it reported earnings that missed Wall Street estimates.

The company reported a loss per share of $0.53, compared to the $0.34 loss per share analysts polled by FactSet were expecting. It reported $629.4 million in revenue, more than the $619.2 million analysts were expecting, but down from the $646 million it reported during the same period last year. Teladoc has seen revenue decline since its pandemic-era boom.

The company left its guidance for revenue untouched but said it now expects an annual loss per share of $0.90 to $1.40, up from its previous guidance of $0.50 to $1.10. That guidance does not price in any impact from tariffs.

Teladoc also announced on Wednesday that it would acquire UpLift, a mental health and psychiatry startup, for $30 million.

Correction (April 30, 4:50 p.m. ET) : Corrected spelling of Teladoc in headline and chart.

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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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