RTTNews | Apr 29, 2021 11:10AM EDT

11:09 Thursday, April 29, 2021 (RTTNews.com) - Shares of Teladoc Health, Inc. (TDOC) are down 9 percent on Thursday trading after the virtual healthcare company posted a wider loss in the first-quarter, despite higher revenues.

The company reported first-quarter net loss of $199.6 million or $1.31 per share, compared to net loss of $29.6 million or $0.40 per share in the year-ago quarter. Included in this year's net loss is stock-based compensation expense of $86.3 million.

On average, 19 analysts polled by Thomson Reuters expected the company to post first-quarter net loss of $0.49 per share. Quarterly revenues rose to $453.7 million from $181 million in the same period last year.

The stock was trading at $170.15, down $16.09 or 9 percent on the NYSE.

TDOC has traded between $147.71 and $308 during the past 52-weeks.

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