The invisible braces company also misses third-quarter earnings expectations.
Shares of Align Technology were tumbling after the invisible braces company fell short on quarterly earnings and slashed guidance amid slowing demand.
“Dental practices and industry research firms have reported deteriorating trends, including decreased patient visits and increased patient appointment cancellations, along with fewer orthodontic case starts overall, especially among adult patients,” President and CEO Joe Hogan said in a press release.
The company said it expects fourth-quarter revenue of between $920 million and $940 million. For the full year, Align forecast revenue of $3.83 billion to $3.85 billion, down from a prior call for $3.97 billion to $3.99 billion.
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