The hidden side of politics

Invisalign maker falls short in China, but CEO says he’s optimistic about summer sales

Reported by CNBC: 

Joseph M. Hogan is CEO of Align Technology

Jin Lee | Bloomberg | Getty Images

Align Technology CEO Joe Hogan on Thursday blamed business in China for the company’s shortfall in the second quarter, but he predicted that output will improve.

The maker of Invisalign clear aligners saw better international growth elsewhere — 39% growth in Europe, for example — but the company greatly missed expectations in China, Hogan said in a “Mad Money” interview.

“We were expecting about 70% growth out of china and we achieved about 20-30%,” Hogan said. “It’s just basically a consumer backlash right now, we feel, from a standpoint of making decisions on going ahead with aligners or not.”

Align sent off 377,100 Invisalign cases in the quarter, 5,800 short of expectations, and the company’s stock tanked 27% during the trading day Thursday. Shareholders took home $1.33 per share versus an estimated $1.51, and the company ballparked third-quarter earnings between $1.09 and $1.16. Analysts predicted about $1.45 a share for the third quarter.

Cramer noted that Estee Lauder, the cosmetics business with a large presence in China, saw strong results in the region during the May quarter. Management said it expected gradual moderation of growth in China, but sales there contributed to its performance.

Hogan shrugged off competition worries and expects that sales in the teen demographic will pick up in both China and North America this summer.

“That demographic’s a little different. We think it’s less price-selective because these kids are slated, or teens are slated, to have these treatments and the parents want to meet that time frame,” Hogan said.

Align expects to ship between 370,000 and 380,000 units in the third quarter, according to FactSet. Analyst consensus is 377,000.

“I’m still optimistic about the market in general and what’s in front of us from a growth standpoint.”

WATCH: Cramer talks about the China economy with Align CEO Joe Hogan

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Jim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source:CNBC

Share

48 Comments

  1. ETIAS Visa Reply

    Thanks for your marvelous posting! I actually enjoyed
    reading it, you happen to be a great author.

    I will always bookmark your blog and will come back later in life.
    I want to encourage you continue your great job, have a nice morning!

  2. Edward Walsh Reply

    Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!

  3. Nicholas Fisher Reply

    Hi! I know this is kinda off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!

  4. Emily Allan Reply

    Good post. I learn something totally new and challenging on websites I stumbleupon on a daily basis. It will always be helpful to read through content from other authors and practice a little something from their websites.

  5. Natalie Hill Reply

    Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!

  6. Ruth Ball Reply

    Nice post. I be taught one thing more difficult on completely different blogs everyday. It will at all times be stimulating to read content material from other writers and observe a bit of something from their store. I’d want to use some with the content material on my blog whether you don’t mind. Natually I’ll offer you a hyperlink on your net blog. Thanks for sharing.

  7. Gabrielle Ross Reply

    Whats up. Very cool web site!! Man .. Beautiful .. Superb .. I will bookmark your web site and take the feeds additionally…I am glad to locate a lot of useful info here within the article. Thanks for sharing.

  8. Heather Sharp Reply

    Thanks for your publish. I have always observed that a lot of people are eager to lose weight simply because wish to look slim as well as attractive. Nonetheless, they do not usually realize that there are many benefits to losing weight also. Doctors insist that overweight people suffer from a variety of illnesses that can be perfectely attributed to their particular excess weight. The great thing is that people who’re overweight and also suffering from different diseases can reduce the severity of their particular illnesses through losing weight. You are able to see a steady but marked improvement with health if even a slight amount of weight reduction is attained.

  9. Phil Black Reply

    Hey very nice blog!! Man .. Excellent .. Superb .. I will bookmark your blog and take the feeds also…I am happy to seek out numerous helpful info right here in the post, we want develop extra techniques in this regard, thanks for sharing. . . . . .

  10. Hannah Young Reply

    I as well as my friends ended up checking the good information from your website and so unexpectedly I had a horrible suspicion I had not thanked you for those tips. All of the boys were definitely for that reason happy to learn them and have in effect extremely been taking pleasure in those things. Thank you for simply being quite kind and then for pick out this form of brilliant things most people are really needing to discover. Our own sincere apologies for not expressing gratitude to you earlier.

  11. chair builder Reply

    Hey there! Someone in my Facebook group shared this website with us so
    I came to look it over. I’m definitely loving the information. I’m
    bookmarking and will be tweeting this to my followers! Wonderful blog and fantastic style and design.

  12. (928) 240-2755 Reply

    Hey there this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML.

    I’m starting a blog soon but have no coding expertise so I wanted to get advice from someone with
    experience. Any help would be greatly appreciated!

  13. Wendy Kelly Reply

    Thanks for every other great article. Where else may anybody get that kind of info in such an ideal means of writing? I have a presentation subsequent week, and I’m at the search for such information.

  14. Joe White Reply

    whoah this blog is fantastic i love reading your articles. Stay up the great work! You already know, a lot of people are hunting round for this info, you can aid them greatly.

  15. Luke Henderson Reply

    I have been browsing online more than 3 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the web will be a lot more useful than ever before.

  16. Matt Langdon Reply

    Its like you read my mind! You seem to know a lot about this, such as you wrote the ebook in it or something. I believe that you could do with some to drive the message home a little bit, however other than that, this is great blog. A great read. I’ll definitely be back.

  17. Leah Russell Reply

    Aw, this was a very nice post. In concept I want to put in writing like this additionally – taking time and actual effort to make a very good article… however what can I say… I procrastinate alot and certainly not appear to get something done.

  18. Virginia Buckland Reply

    Hey! I know this is somewhat off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

  19. playboy Reply

    I really love your site.. Very nice colors & theme. Did you make this website yourself?
    Please reply back as I’m attempting to create my very own blog and would love to learn where you got this from or exactly what the theme is
    called. Many thanks!

  20. windows cracked keys Reply

    When I initially commented I clicked the “Notify me when new comments are added” checkbox
    and now each time a comment is added I get three
    emails with the same comment. Is there any way you can remove
    people from that service? Thank you!

  21. Joan Hamilton Reply

    Hi there! This post could not be written any better! Reading through this post reminds me of my old room mate! He always kept talking about this. I will forward this write-up to him. Fairly certain he will have a good read. Thank you for sharing!

  22. Alexandra Johnston Reply

    I found your weblog web site on google and examine just a few of your early posts. Proceed to maintain up the excellent operate. I just additional up your RSS feed to my MSN News Reader. In search of forward to reading more from you afterward!…

  23. Steven Bond Reply

    Needed to write you a little note to finally thank you as before over the stunning strategies you’ve featured in this case. It was quite generous with people like you to supply extensively what exactly a number of people might have distributed for an e-book to get some dough for themselves, particularly given that you might have done it if you decided. The techniques in addition worked to become a easy way to be certain that someone else have the same desire much like my own to understand good deal more when considering this issue. I’m certain there are thousands of more pleasant instances in the future for people who check out your website.

  24. Gabrielle Sutherland Reply

    Hi, Neat post. There is a problem together with your website in web explorer, could test this… IE nonetheless is the marketplace chief and a big portion of folks will miss your great writing because of this problem.

Leave a Reply

Your email address will not be published. Required fields are marked *

FOLLOW @ NATIONAL HILL