SmileDirectClub Q2 EPS $(0.13) Misses $(0.11) Estimate, Sales $101.80M Miss $101.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
SmileDirectClub (NASDAQ:SDC) reported Q2 losses of $(0.13) per share, missing the analyst consensus estimate of $(0.11) by 18.18%. The company also reported quarterly sales of $101.80 million, missing the estimate of $101.91 million by 0.11%. This represents a 23.53% increase in losses and a 19.08% decrease in sales compared to the same period last year.
August 08, 2023 | 8:02 pm
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NEGATIVE IMPACT
SmileDirectClub's Q2 earnings missed estimates, with losses increasing by 23.53% and sales decreasing by 19.08% compared to the same period last year.
SmileDirectClub's Q2 earnings missed analyst estimates, which is typically a negative signal for the stock. The increase in losses and decrease in sales compared to the same period last year further suggests potential challenges in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100