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☆ Align Technology cuts annual sales forecast, cites macro-economic pressures
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Align Technology (ALGN.O) lowered its full-year revenue forecast on Wednesday, hurt by weak demand for its clear teeth aligners, sending its shares down 21% in extended trading. The dental company now expects revenue in the range of $3.83 billion to $3.85 billion for 2023, compared with its previous forecast of $3.97 billion to $3.99 billion. Align's lead product segment, which sells a series of custom-made aligners and other consumables used for straightening teeth, reported revenue of $794.9 million, below estimates of $821.9 million. On an adjusted basis, Align earned $2.14 per share for the three months ended Sept. 30, below analysts' average estimate of $2.26 per share, according to LSEG data. Reporting by Pratik Jain in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Hogan, Hogan, Pratik Jain, Anil D'Silva Organizations: Envista Holdings Corp, Swiss, Straumann, Thomson Locations: Bengaluru

☆ Stocks making the biggest moves after hours: Meta, Whirlpool, Mattel, Endeavor and more
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Meta posted revenue of $34.15 billion and earnings of $4.39 per share. Analysts polled by LSEG called for $33.56 billion in revenue and $3.63 in earnings per share. Align posted $2.14 in adjusted earnings per share and revenue of $960 million, missing estimates from analysts polled by LSEG. Mattel posted $1.08 per share in adjusted earnings, while analysts polled by LSEG called for 86 cents in earnings per share. Whirlpool — The home appliance company dropped 5% after Whirlpool trimmed its earnings guidance for the full year.

Persons: ServiceNow, LSEG, Joe Hogan, Mattel, Ari Emanuel, —, Darla Mercado, Mike Calia Organizations: LSEG, IBM, Revenue, Facebook, Meta, Mattel, Whirlpool, Endeavor Group Holdings, Endeavor, Holdings, WWE, UFC Locations: LSEG

☆ 25 years later, the company that modernized the way we straighten our teeth is still revolutionizing dentistry
▼ + stars: | 2023-03-14 | by ( Sponsor Post | Created Insider Studios With Align | ) www.businessinsider.com time to read: +10 min

Align Technology, the company behind the Invisalign® system and iTero™ intraoral scanners, is celebrating 25 years of transforming smiles and changing lives. Align Technology transformed the orthodontic industry with the Invisalign® clear aligner system, a series of clear, removable aligners custom-made for each patient. On average, Invisalign treatment is five months shorter than braces treatment, and Invisalign patients report 30% fewer doctor visits than braces patients. Fast Facts: The Invisalign clear aligner system was introduced in 1999. Invisalign® Personalized Plan delivers Invisalign treatment plans by automating doctors' specific treatment preferences for efficiency and treatment planning consistency.

☆ Apple is looking for a top sales executive to spearhead a giant advertising push in sports and streaming. Here are 16 execs who could score the job.
▼ + stars: | 2023-01-19 | by ( Claire Atkinson | Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +15 min

Netflix also conducted a search before hiring two Snap executives, Jeremi Gorman and Peter Naylor, to lead its new ads business. XandrLesser, a longtime digital ad executive, has extensive experience working on issues around the future of digital marketing. McDonald has a ton of other digital ad sales and publishing experience. She helped launch Modi Media, ad buying giant GroupM's addressable TV business, before joining TV adtech startup Cadent. UnivisionValentino runs Disney's digital ad business as EVP, client and brand solutions.

☆ The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
▼ + stars: | 2022-12-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +9 min

In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.

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