Align Tech: Q2 Earnings Insights

Shares of Align Tech ALGN moved lower by 5.34% after the company reported Q2 results.

Quarterly Results

Earnings per share fell 119.13% over the past year to ($0.35), which missed the estimate of ($0.04).

Revenue of $352,314,000 decreased by 41.35% from the same period last year, which beat the estimate of $322,620,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Align Tech hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 22, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/c959mtgn

Technicals

52-week high: $326.36

Company's 52-week low was at $127.88

Price action over last quarter: Up 48.28%

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 malocclusion issues. 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.