BUZZ-Align Technology falls after downbeat Q1 revenue

Reuters
06 Feb
BUZZ-Align Technology falls after downbeat Q1 revenue

** Shares of dental products manufacturer Align Technology ALGN.O fall 4.30% to $207.06 premarket

** Co expects Q1 revenue to be between $965 million and $985 million, below estimates of $1.03 billion - LSEG data

** ALGN, which manufactures some of its teeth aligners in Mexico and ships them to U.S., said tariff situation "remains very fluid" and that it was monitoring events closely

** Says it is still more economical to ship clear aligners to U.S. from Mexico due to variety of factors, including incremental additional freight costs incurred if co ships from its Polish facility

** ALGN can likely pass on some pricing pressure to customers, brokerage Leerink Partners says

** Up to last close, stock has fallen ~21% in last 12 months

(Reporting by Sriparna Roy)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10