SmileDirectClub falls on downbeat Q2 revenue

SmileDirectClub

08/08/2023 22:31

** Shares of dental products maker SmileDirectClub  SDC.O 
fall 9.2% to $0.69 after the bell
    ** Company's Q2 revenue falls 19% to $102 mln, below
analysts' est. of $109.22 mln - Refinitiv
    ** "Challenges to consumer spending and sustained high
inflation continue to impact overall expected demand in 2023 for
SDC's core business" - company
    ** Expects FY sales to be between $425 mln and $475 mln, vs
analysts' est. of $434.96 mln
    ** Stock has more than doubled YTD, as of last close

 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))