Why SmileDirectClub Stock Is Tanking Today
Shares of SmileDirectClub (NASDAQ: SDC) were down by 26.3% as of 11:09 a.m. EST on Wednesday. The steep drop came after the oral care company announced disappointing fourth-quarter results following the market close on Tuesday.
SmileDirectClub reported Q4 revenue of $197 million. While that reflected a 53.1% year-over-year increase, it fell short of the $199.9 million expected by Wall Street analysts. The company posted a loss of $0.25 per share in the quarter, worse than the average analysts' estimate for a Q4 loss of $0.11.
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Source Fool.com
