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

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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