This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPED0C0KP_M.jpg
Investing.com — There are unlikely to be many smiles at SmileDirectClub (NASDAQ:SDC) today.
Shares sank 15%, a day after the company missed profit estimates..
The loss per share of 25 cents was worse than the expected loss of 13 cents per share, according to analysts tracked by Investing.com. Sales of $107.1 million fell 45% from last year’s second quarter but beat estimated revenue of $83.2 million.
The stock has doubled over the past four months to around $7.95, but is down from the September 2019 IPO price of $23 a share.
SmileDirectClub has six buy ratings, two holds and two sells, with an average price target of $9.50.
