Tag Archives: Earnings

SmileDirectClub shares tank as much as 20% after first earnings report since IPO fails to impress

Jordan Katzman, co-founder of SmileDirectClub Inc., center, and Alex Fenkell, co-founder of SmileDirectClub Inc., right, look at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, Sept. 12, 2019. Bloomberg | Bloomberg | Getty Images Shares of SmileDirectClub tanked by as much as 20% in midday trading Wednesday,… Read More »

Earnings bulletin: Johnson & Johnson’s second quarter of 2019

Johnson & Johnson kicked off the second-quarter earnings season Tuesday, reporting that its pharma unit outperformed struggling consumer healthcare and medical device segments. Pharma posted sales growth of 1.7% and operational growth of 4.4% to hit $ 10.53 billion in sales. Across J&J’s entire business, the company’s revenue sank 1.3% to $ 20.56 billion. At… Read More »