Align Technology Q1 Non-GAAP Earnings, Revenue Decline; Sets Q2 Guidance -- Shares Rise

MT Newswires Live

05/01

Align Technology (ALGN) reported Q1 non-GAAP earnings late Wednesday of $2.13 per diluted share, down from $2.14 a year earlier.

Analysts polled by FactSet expected $1.99.

Net revenue for the quarter ended March 31 was $979.3 million, down from $997.4 million a year earlier.

Analysts surveyed by FactSet expected $975.2 million.

The company said it expects Q2 revenue of $1.05 billion to $1.07 billion. Analysts surveyed by FactSet expect $1.06 billion.

Align shares were up over 10% in after-market activity.

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