Align Technology (ALGN) Releases Earnings Results, Beats Expectations By $0.09 EPS

Align Technology (ALGN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.41. The company posted revenue of $238.70 million in the period, compared to analysts expectations of $236.87 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Align Technology opened for trading at $74.04 and hit $74.99 on the upside on Wednesday, eventually ending the session at $74.78, with a gain of 0.11% or 0.08 points. The heightened volatility saw the trading volume jump to 4,49,046 shares. Company has a market cap of $5,954 M.

In a different news, on Feb 25, 2016, Christopher C. Puco (VP, No. American Sales) sold 11,413 shares at $63.50 per share price. According to the SEC, on Feb 24, 2016, Timothy A Mack (VP, Bus Dev) sold 28,384 shares at $63.24 per share price. On Feb 5, 2016, Greg J Santora (director) sold 9,000 shares at $67.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Align Technology Inc. (Align) is a medical device company. The Company designs manufactures and markets a system of clear aligner therapy intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for dentistry orthodontics and dental records storage. The Company operates through two segments: Clear Aligner known as the Invisalign system and Scanners and Services known as the iTero intraoral scanner and OrthoCAD services. The Company’s Clear Aligner segment provides malocclusion and orthodontic treatment. The Company’s Scanners and Services Segment offers iTero intraoral scanner which utilizes laser and optical scanning to capture the contours of the patient’s dentition gingival structures and the bite. It distributes products directly to customers including orthodontists and general practitioner dentists (GPs) as well as to restorative dentists including prosthodontists periodontists and oral surgeons.

Align Technology

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