An orthodontist uses a process called invisalign to smooth a patient's teeth.
Sammy Dallal | Getty Images | Digital First Media | Getty Images
Shares of Align Technology, the company that manufactures Invisalign Clear Tooth Aligners, on Thursday caused a serious downer than expected as a result of a serious warning to China and weaker-than-expected results that the second-quarter volume of Invisalign deliveries was lower than expected. " mainly due to weakness in China in the context of a tougher consumer environment. " According to FactSet, Wall Street expects Align to ship 382,900 boxes. Align shares fell more than 25% on Thursday at the start of trading.
"Given the uncertainty in China, our third-quarter outlook reflects a more cautious assessment of growth in the Asia-Pacific region," Hogan said. Align expects earnings for the third quarter to be between $ 1
In addition, Align's earnings in the second quarter fell short of expectations. The company earned $ 1.33 per share, well below an estimate of $ 1.51 for refinance.
Hogan's warning and the company's weaker-than-expected results come from the fact that China and the US are negotiating the end of a trade war that has been going on for more than a year. A US delegation is scheduled to fly to China next week for further talks.
Hogan will be seen on CNBC's Mad Money on Thursday night to learn more about China's slowdown.
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