SmileDirectClub (NSDQ:SDC) shares dipped during pre-market trading today on fourth-quarter results that missed the consensus forecast.
The Nashville, Tenn.-based company posted losses of -$32.9 million, or -9¢ per share, on sales of $172.6 million for the three months ended Dec. 31, 2020, for a 66.1% bottom-line gain on a sales decline of -6.2%.
SmileDirectClub’s EPS of 9¢ came in 1¢ behind projections on Wall Street, where analysts were looking for sales of $181.1 million.
SmileDirectClub said it expects its first-quarter revenue in 2021 to be in-line with long-term targets on a sequential basis, meaning a 5%-7% rise from this past quarter.
SDC shares were down -3.6% at $10.22 per share in pre-market trading today.