Align Technology Jumps 17% Following Q2 Earnings
Following the release of its Q2 results, Align Technology (NASDAQ:ALGN) experienced a significant stock price surge of more than 17% intro-day today. The company reported an EPS of $2.22, surpassing the Street estimate of $2.04.
In terms of revenue, Align Technology achieved a year-over-year growth of 3.3%, reaching $1 billion, which exceeded the Street estimate of $992.76 million.
Notably, in the second quarter, Clear Aligner revenues experienced a year-over-year growth of 4.3%, amounting to $832.7 million. The volume of Clear Aligner cases reached 604,400, representing a 0.9% increase compared to the previous year.
For the upcoming Q3/23, the company anticipates revenue to fall within the range of $990 million to $1.01 billion, slightly higher than the Street estimate of $990 million. Align Technology projects full-year revenue to be in the range of $3.97 billion to $3.99 billion, surpassing the Street estimate of $3.94 billion.
| Symbol | Price | %chg |
|---|---|---|
| 043150.KQ | 26400 | 0 |
| 6849.T | 2279 | 0 |
| 294090.KQ | 12150 | 0 |
| 300760.SZ | 267.95 | 0 |
