In Dentists

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.

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

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.