Align Technology (ALGN) saw its stock soar 8.48% in after-hours trading on Wednesday following the release of its first-quarter earnings report that exceeded analyst expectations. The dental medical device company, known for its Invisalign clear aligners, demonstrated resilience in a challenging market environment.

The company reported adjusted earnings per share of $2.13, surpassing the analyst consensus estimate of $1.99 by 7.04%. While this represents a slight 0.47% decrease from the same period last year, it showcases Align's ability to maintain strong profitability. Revenue for the quarter came in at $979.3 million, beating the IBES estimate of $975.2 million and only showing a marginal 1.82% decrease year-over-year.

Investors were particularly encouraged by Align Technology's positive outlook for the full year, with the company projecting revenue growth between 3.5% and 5.5%. This forward-looking guidance suggests confidence in the company's ability to drive growth despite economic uncertainties. The strong quarterly performance, coupled with an optimistic future outlook, likely contributed to the significant after-hours stock price surge as investors reassessed the company's value proposition.