markets

J. Edward Moreno

2/27/25

Teladoc falls after sickly earnings report

Teladoc is down more than 12% after it reported bigger-than-expected losses after market close on Wednesday.

The company reported a loss of $0.28 per share, compared to the $0.26 analysts polled by FactSet were expecting. Teladoc reported $640 million in quarterly sales, in line with analysts’ estimates, but down from the $661 million it reported in the same period last year.

Teladoc said that was hurt by a 10% decrease in revenue from BetterHelp, its online therapy platform. TALK, a competitor to BetterHelp, reported last week that its sales grew, but by less than analysts hoped.

For the full year 2024, Teladoc’s sales stayed virtually flat and its losses grew. The company bled $1 billion in 2024, its worst year since 2022 when it incurred a $13.4 billion noncash goodwill impairment charge related to its acquisition of Livongo, a chronic-condition management company.

Excluding 2022, the year Teladoc just reported was its worst for profitability since at least 2014.

Teladoc Health Reports Full Year and Fourth Quarter 2024 Results

Teladoc Health Reports Full Year and Fourth Quarter 2024 Results

Teladoc said that was hurt by a 10% decrease in revenue from BetterHelp, its online therapy platform. TALK, a competitor to BetterHelp, reported last week that its sales grew, but by less than analysts hoped.

For the full year 2024, Teladoc’s sales stayed virtually flat and its losses grew. The company bled $1 billion in 2024, its worst year since 2022 when it incurred a $13.4 billion noncash goodwill impairment charge related to its acquisition of Livongo, a chronic-condition management company.

Excluding 2022, the year Teladoc just reported was its worst for profitability since at least 2014.

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RH slips after missing Q2 estimates and trimming its outlook amid cost pressure

Restoration Hardware shares dropped Friday morning after the luxury furniture brand missed Q2 estimates and tightened its full-year outlook.

Adjusted earnings per share came in at $2.93, below the Street’s estimate of $3.21. Revenue was $899.2 million, also missing analysts’ forecast of $905 million.

RH now expects full-year revenue growth of 9% to 11%, down from prior guidance of 10% to 13%, as margins get squeezed by tariffs and weakness in the housing market. Wall Street had been looking for about 10% growth this year.

The retailer is taking steps to blunt cost pressures, including shifting sourcing away from China. RH expects receipts to fall from 16% in Q1 to 2% in Q4, with vendors absorbing a meaningful portion of the tariff impact. RH is also boosting US manufacturing capacity in North Carolina and pushing back a new concept launch to next spring.

RH shares are down about 43% year to date.

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Super Micro rises as the company begins shipments of Nvidia Blackwell chips

Super Micro Computer jumped over 6% in premarket trading on Friday after the company announced it has started shipping “Plug-and-Play (PnP)-ready” racks powered by Nvidia’s new Blackwell Ultra chips, giving data center customers a ready-made option to scale up their AI infrastructure.

The rollout enables what SMCI calls “turn-key day-one” operations, with the entire racks preassembled and tested to work out of the box.

“Data center customers face many AI infrastructure challenges: complex network topology and cabling, power delivery, and thermal management,” CEO Charles Liang said. “Through Supermicro Data Center Building Block Solutions with our expertise in on-site deployment, we enable turn-key delivery of the highest-performance AI platform — critical for customers seeking to invest in cutting-edge technology.”

The company says the new system’s performance jumps up to 7.5x over Nvidia’s previous-generation chips. It’s also designed to run more efficiently, using less power and water while taking up less floor space, cutting the overall operating costs by 20%, according to the statement.

The launch comes after a rocky August, when SMCI’s shares plunged on weaker-than-expected quarterly results and management trimmed its annual revenue target.

Investors in Super Micro have endured much volatility this year, as the company has failed to deliver on multiple occasions. Even so, the shares are up nearly 50% year to date.

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