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Benzinga

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Vandana Singh

Is Align Tech Dental Aligner Demand Falling Compared To Traditional Braces?

Align NT ALGN Align Technology Align Technology Inc Morgan Stanley

Align Technology Woman,Wearing,Orthodontic,Silicone,Trainer.,Invisible,Braces,Aligner.,Mobile,Orthodontic

On Wednesday, Align Technology Inc. (NASDAQ:ALGN) reported worse-than-expected second-quarter results and issued soft guidance.

Second quarter sales increased 3.4% sequentially and were down 1.6% year-over-year to $1.01 billion, versus estimates of $1.06 billion. The dental company reported adjusted earnings of $2.49 per share versus estimates of $2.57.

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