SmileDirectClub rises after peer Align Tech's 'better-than-feared' Q4
02/02/2023 11:03
** Shares of dental products maker SmileDirectClub Inc
SDC.O up ~10% at $0.70 premarket
** SDC's peer Align Technology Inc ALGN.O beats quarterly
revenue and EPS estimates for the first time after three
straight quarters of misses
** Trends in consumer interest for orthodontic treatment
continued to improve throughout Q4, Align says
** "Better-than-feared" results help paint a rosier picture
for 2023 and beyond, says brokerage Evercore ISI
** SDC shares fell ~78% in past 12 months
(Reporting by Raghav Mahobe)
((Raghav.Mahobe@thomsonreuters.com))
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