Align Technology Inc reports results for the quarter ended March 31 - Earnings Summary

• Align Technology Inc ALGN.OQ reported quarterly adjusted earnings of $2.13​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.14. The mean expectation of fourteen analysts for the quarter was for earnings of $1.99 per share. Wall Street expected results to range from $1.93 to $2.08 per share.

• Revenue fell 1.8% to $979.26 million from a year ago; analysts expected $975.24 million.

• Align Technology Inc's reported EPS for the quarter was $1.27​.

• The company reported quarterly net income of $93.23 million.

• Align Technology Inc shares had risen by 11.9% this quarter and lost 14.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.8% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Align Technology Inc is $240.00

This summary was machine generated from LSEG data April 30 at 10:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)