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Align Technology: 2Q Earnings Snapshot

July 24, 2019

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.

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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

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