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

Written by Gabrielle Masson | November 13, 2019 | Print | Email

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.

More articles on dental:
Texas dental assistant claims device explosion caused third-degree burns
Nevada dental board terminates 2 members for lack of oversight
Benco, Patterson accept fault with conspiring against buying groups