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Align Technology falls after forecasting annual revenue below estimates

By Reuters News3 hours ago Updated

** Shares of Align Technology ALGN.O fall 1.4% to $151.45 in extended trading

** Dental aligners maker expects 2026 revenue in the range of $4.11 billion to $4.13 billion compared with analysts' expectations of $4.15 billion, according to data compiled by LSEG

** Forecasts Q4 revenue to be in the range of $1 billion to $1.02 billion, compared with estimates of $1.048 billion

** ALGN posts Q3 adjusted profit per share of $2.80 versus analysts' estimates of $2.78

** Reports Q3 revenue of $1.015 billion vs estimates of $1.005 billion

** Company appoints Jennifer Davis, the former chief executive of Procter & Gamble's global healthcare business, as its next president and chief executive officer, effective December 31

** Davis will succeed Joseph Hogan, who has led the company since 2015

** Stock down 1.6% YTD, as of last close

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