Investment

HydraFacial parent’s stock cut in half after ‘many mistakes’ lead to ugly quarter

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Shares of HydraFacial parent Beauty Health Co. lost more than half their value, after the skin treatment company reported a large surprise third-quarter loss and said its CEO was leaving, citing “many mistakes” made with regard to its Syndeo delivery system.

The company also disclosed that it was unable to file its audited quarterly results with the U.S. Securities and Exchange Commission on time, but expects to file the 10-Q within the five-day extension period.

The…

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