SmileDirectClub plummeted 20% and is now at an all-time low following weak 3rd-quarter earnings

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

It's the largest-ever drop for the company since its September IPO, which was the worst public debut in 12 years for a US company.

SmileDirectClub reported third-quarter 2019 earnings on Tuesday, its first earnings release as a public company. Shares fell as much as 20% Wednesday after the company's reported deeper losses. The company has struggled to make market gains since its September IPO. Watch SmileDirectClub trade live on Markets Insider. Shares of SmileDirectClub fell as much as 20% Wednesday following the company's third-quarter earnings release Tuesday, its first as a public company.

SmileDirectClub reported third-quarter 2019 earnings on Tuesday, its first earnings release as a public company. Shares fell as much as 20% Wednesday after the company's reported deeper losses. The company has struggled to make market gains since its September IPO. Watch SmileDirectClub trade live on Markets Insider. Shares of SmileDirectClub fell as much as 20% Wednesday following the company's third-quarter earnings release Tuesday, its first as a public company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines