SmileDirectClub Dives on Mixed Q2

SmileDirectClub's (NASDAQ: SDC) latest set of quarterly figures didn't make a lot of investors happy. This occurred despite the fact that the results -- published after market hours on Wednesday -- showed a top line that exceeded expectations.

For the dental-aligner specialist's Q2 of 2020, total revenue clocked in at $107 million. Although that represented a 45% decline year over year, it came in well above the average analyst estimate of $83 million.

As for profitability, the company's GAAP net loss was nearly $94.7 million ($0.25 per share), almost three times as steep as the Q2 2019 deficit of $32.4 million. On average, prognosticators tracking the stock were modeling an $0.11 per-share shortfall for the period.

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Source Fool.com