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Align Technology: Q2 Earnings Snapshot
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TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Align Technology Inc. (ALGN) on Wednesday reported second-quarter earnings of $108.3 million.

The Tempe, Arizona-based company said it had net income of $1.51 per share. Earnings, adjusted for one-time gains and costs, came to $2.64 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.56 per share.

The maker of the Invisalign tooth-straightening system posted revenue of $1.06 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.05 billion.

For the current quarter ending in September, Align Technology said it expects revenue in the range of $1 billion to $1.02 billion.

Align Technology shares have climbed 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $180.03, a fall of 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGN at https://www.zacks.com/ap/ALGN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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