Why Livongo Health Stock Soared Higher on Tuesday

Shares of Livongo Health (NASDAQ: LVGO), which provides a cloud-based platform to help improve the lives of individuals with chronic conditions, jumped higher on Tuesday. The growth stock's gain follows the company's announcement of its preliminary second-quarter revenue, which was far ahead of average analyst estimates. Growing demand for remote care during the COVID-19 pandemic and for the company's whole-person approach to care is helping drive sharp revenue growth, management explained in a press release about the preliminary results.