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SmileDirectClub: Q4 Earnings Snapshot – ABC News

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SmileDirectClub: Q4 Earnings Snapshot – ABC News

SmileDirectClub: Q4 Earnings SnapshotByThe Associated PressMarch 5, 2021, 12:58 AM• 2 min readNASHVILLE, Tenn. — SmileDirectClub Inc. (SDC) on Thursday reported a fourth-quarter loss of $9.7 million.A year earlier, it reported a loss of $26.2 million.On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 9 cents.The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.The direct-to-consumer teeth-straightening company posted revenue of $184.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $180.7 million.For the year, the company reported that its loss narrowed to $78.4 million, or 72 cents per share. Revenue was reported as $656.8 million.SmileDirectClub shares have dropped 11% since the beginning of the year. Its shares closed Thursday at $10.60, a climb of 29% in the last 12 months.—————This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SDC at https://www.zacks.com/ap/SDC———This story has been corrected to read that the company reported a loss, not a profit a year ago.


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