Recap: Align Tech Q3 Earnings

Shares of Align Tech (NASDAQ:ALGN) rose 22.69% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 52.03% over the past year to $2.25, which beat the estimate of $0.54.

Revenue of $734,144,000 up by 20.88% year over year, which beat the estimate of $514,400,000.

Guidance

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

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

Conference Call Details

Date: Oct 21, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/k9mnvzrp

Price Action

52-week high: $343.21

Company's 52-week low was at $127.88

Price action over last quarter: Up 12.29%

Company Profile

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.