Align Technology: Q4 Earnings Snapshot
TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Align Technology Inc. (ALGN) on Wednesday reported fourth-quarter net income of $103.8 million.
On a per-share basis, the Tempe, Arizona-based company said it had net income of $1.39. Earnings, adjusted for one-time gains and costs, were $2.44 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $995.2 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $997 million.
For the year, the company reported profit of $421.4 million, or $5.62 per share. Revenue was reported as $4 billion.
For the current quarter ending in March, Align Technology said it expects revenue in the range of $965 million to $985 million.
Align Technology shares have risen almost 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $216.74, a decrease of 21% in the last 12 months.
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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
