Shares of SmileDirectClub dropped on Tuesday, followed by second quarter results that came in lower than expected by analysts.
The teledentistry company’s second-quarter net loss of -14 cents a share was wider than the -12 cents a share anticipated by analysts surveyed by FactSet. Revenue came in at $174.2 million, compared to $198.5 million expected by analysts polled by FactSet.
For the year, the company projects a revenue range of $750 million to $800 million. FactSet's poll reveals analysts’ expectation of $783.4 million.