WM Waste Management

By Dean Seal

Teladoc Health narrowed its loss in the second quarter as revenue climbed to $652.4 million from $592.4 million. For the year, the telemedicine provider now expects between $2.6 billion and $2.68 billion in revenue, raising the low end of its previous guidance, and a per-share loss of $1.25 to $1.60, compared with its prior outlook for a per-share loss of up to $1.70. Shares rise 4.5% to $23.81 in after-hours trading.

Employment agency Robert Half posted earnings of $1 a share for the second quarter, down from $1.60 a share in the same quarter a year ago and below analyst forecasts for $1.13 a share, according to FactSet. Shares fell 11% to $71.50 in aftermarket trading.

Waste Management logged weaker earnings and revenue in the second quarter than analysts had expected and lowered its revenue outlook. Chief Executive Jim Fish says the company is dealing with "persistent inflation in many cost categories, lower-than-anticipated renewable energy prices, and slower-than-planned event-driven volumes." Shares slide 5% to $163.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 25, 2023 19:08 ET (23:08 GMT)

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