SmileDirectClub shares plummet 20% after 1st earnings report since IPO

Dentists

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SmileDirectClub shares dropped 20 percent after the company announced its third quarter 2019 earnings on Nov. 12, according to CNBC. 

When the market closed Nov. 12, SmileDirectClub lost $0.89 per share. This was SmileDirectClub’s first earnings report since its September debut on the Nasdaq.

SmileDirectClub has been marked as one of 2019's worst initial public offerings for a "unicorn" company after its shares tanked 28 percent the first day of trading.

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