Yahoo Finance Live anchors discuss Align earnings and the company's stock performance since the pandemic.
BRAD SMITH: Nice. It's time for "Cut for Time," everyone. Three stories, one minute each. Let's start with this on the day, Invisalign maker Align Technology is seeing its shares get a little chewed up this morning. It's lower by about 17 and 1/2% after missing estimates for its third quarter. It cited lower volumes, FX pressures, and higher promotions. Analysts are cautious on weak margins here and sending the shares lower here this morning as well.
JULIE HYMAN: This stock is down 72% year to date. So this is not the first time that we have seen declines like this for this company. It's been struggling for a little while here. And the whole value proposition, et cetera, of getting braces sort of in a different model, there's-- I think there's questions about it.
BRIAN SOZZI: This was one of the pandemic plays. Everybody wanted straighter, brighter teeth because they were on these Zoom calls, but now it appears to be unwinding. And Joe Hogan, we've talked to him a bunch of times in recent years, saying that sales have come under pressure because of continued macroeconomic uncertainty and weaker consumer confidence. At the end of the day, to get a great smile, it's going to cost you some money.
JULIE HYMAN: Did you guys have braces?
BRAD SMITH: I did. Oh, yeah, big time.
JULIE HYMAN: Yeah, me either.
BRAD SMITH: Jacked me up for life.