Align Tech: Q3 Earnings Insights

Align Tech: Q3 Earnings Insights

Align Tech ALGN reported its Q3 earnings results on Wednesday, October 26, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Align Tech missed estimated earnings by 38.46%, reporting an EPS of $1.36 versus an estimate of $2.21.

Revenue was down $125.65 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.28 which was followed by a 7.48% increase in the share price the next day.

Here's a look at Align Tech's past performance:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.28 2.23 2.73 2.60
EPS Actual 2 2.13 2.83 2.87
Revenue Estimate 999.06M 1.00B 1.02B 977.80M
Revenue Actual 969.55M 973.22M 1.03B 1.02B

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.28 2.23 2.73 2.60
EPS Actual 2 2.13 2.83 2.87
Revenue Estimate 999.06M 1.00B 1.02B 977.80M
Revenue Actual 969.55M 973.22M 1.03B 1.02B

To track all earnings releases for Align Tech visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings