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Shares of Align Tech (NASDAQ:ALGN) rose after the company reported Q1 results.
Quarterly Results
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Earnings per share increased 241.10% year over year to $2.49, which beat the estimate of $2.02.
Revenue of $894,771,000 higher by 62.40% from the same period last year, which beat the estimate of $816,130,000.
Guidance
Align Tech hasn't issued any earnings guidance for the time being.
The upcoming fiscal year's revenue expected to be between $3,700,000,000 and $3,900,000,000.
Details Of The Call
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Date: Apr 28, 2021
Time: 04:30 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/5q96cnig
Price Action
52-week high: $634.46
52-week low: $192.41
Price action over last quarter: down 0.28%
Company Overview
Align Technology is a medical (dental) device company primarily known for the Invisalign system, which is an alternative to traditional braces to correct a wide range of malocclusions. The company also manufactures intraoral scanners and computer-aided design/computer-aided manufacture digital services to support the customization of these liners. Historically, only orthodontists serviced this product, but more recently the company has expanded its direct marketing efforts to include generalists (dentists) and consumers.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.