LVGO - Teladoc and Livongo Demolished Expectations. So Why Are Their Stocks Down?
Two of the most high-profile healthcare stocks of 2020, Teladoc Health (NYSE: TDOC) and Livongo Health (NASDAQ: LVGO) , reported third-quarter earnings after the market close last Wednesday. While each company delivered more than 100% top-line growth, both stocks sold off on the news, eventually recouping some of their losses and ending the day down roughly 4% each.
Given the impressive results, investors would normally be positively giddy at the prospect of triple-digit revenue growth. So what's going on with these two healthcare disrupters?
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Teladoc and Livongo Demolished Expectations. So Why Are Their Stocks Down?