TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Align Technology Inc. (ALGN) on Wednesday reported first-quarter profit of $93.2 million.
The Tempe, Arizona-based company said it had net income of $1.27 per share. Earnings, adjusted for stock option expense and pretax expenses, were $2.13 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $979.3 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $972.8 million.
For the current quarter ending in June, Align Technology said it expects revenue in the range of $1.05 billion to $1.07 billion.
Align Technology shares have fallen 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $173.30, a decline of 39% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGN at https://www.zacks.com/ap/ALGN
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
