Align Technology, Inc. (NASDAQ:ALGN) released its first-quarter results after Wednesday's closing bell. Here's a look at the details from the quarter.
The Details: Align Technology reported quarterly earnings of $2.13 per share, which beat the analyst consensus estimate of $1.99. Quarterly revenue of $979.26 million beat the consensus estimate of $975.91 million.
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Clear Aligner volume of 642,300 cases increased 2.2% sequentially and was up 6.2% year-over-year. Clear Aligner volume for teens and growing patients of 225,800 increased 4.5% sequentially and 13.3% year-over-year.
Clear Aligner first-quarter revenues of $796.8 million decreased 2.5% year-over-year. Imaging Systems and CAD/CAM Services revenues of $182.4 million increased 1.2% year-over-year.
“I am pleased to report first quarter revenues, operating margin, and earnings in line with our outlook. Fiscal 2025 is off to a good start with Q1 Clear Aligner volumes up both sequentially and year-over-year, reflecting strength in both the teens and adult patient segments, across all regions, driven by year over year strength across the Asia Pacific and EMEA regions, and growth in North America,” said CEO Joe Hogan.
Outlook: Align sees second-quarter revenue in a range of $1.05 billion to $1.07 billion, versus the $1.06 billion estimate.
ALGN Price Action: According to data from Benzinga Pro, Align Technology stock was up 10.21% after-hours at $191 at publication on Wednesday.
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