Why Align Technology Stock Is Crashing Today
Shares of Align Technology (NASDAQ: ALGN) were crashing by 25.7% as of 11:10 a.m. EDT on Thursday. The plunge came after the orthodontic-device maker announced its second-quarter results following the market close on Wednesday.
It's not that Align's Q2 results were bad; the company reported solid revenue and earnings growth. However, it provided disappointing third-quarter earnings guidance because of concerns about uncertainty in China's consumer market.
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