Align Technology: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Align Technology Inc. (ALGN) on Wednesday reported second-quarter net income of $147.1 million.
On a per-share basis, the San Jose, California-based company said it had net income of $1.83.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $600.7 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $595.6 million.
For the current quarter ending in October, Align Technology said it expects revenue in the range of $585 million to $600 million.
Align Technology shares have risen 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $275.16, a decrease of 26% in the last 12 months.