Why Align Technology Stock Is Advancing After Hours

Clear aligner revenues were up 4.3% to $832.7 million. Imaging systems and CAD/CAM services revenue totaled $169.5 million. Align designs, manufactures, and sells the well-known Invisalign clear aligner system.

The company ended the quarter with $1 billion in cash, equivalents and marketable securities. 

"Q2 results reflect improving trends across regions and strength in teen and younger patient volumes, driven by momentum in both submitters and utilization as well as continued growth from Invisalign First," said Joe Hogan, president and CEO of Align.

Align expects third-quarter revenue to be between $990 million and $1.01 billion versus the analyst consensus of $982.82 million. The operating margin is expected to tick higher next quarter. 

Full-year revenue is expected to be between $3.97 billion and $3.99 billion, versus the analyst consensus of $3.94 billion. 

See Also: ServiceNow Delivers Q2 Earnings Beat, Highlights 'Unprecedented Demand,' Taps Nvidia For AI Lighthouse Launch, Shares Slide

Photo: courtesy of Align.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.