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Stock impact report

Invisalign maker Align Tech shares jump 4% after earnings top estimates [MarketWatch]

Align Technology, Inc. (ALGN) 
Last align technology, inc. earnings: 4/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.aligntech.com/investor-relations
Company Research Source: MarketWatch
Invisalign maker Align Tech shares jump 4% after earnings top estimates Align Technology Inc. shares ALGN, +2.49% rose 4% in after-hours trade Wednesday, after the maker of Invisalign braces topped forecasts for the first-quarter. The company said it had net income of $95.9 million, or $1.17 a share, in the quarter, up from $69.4 million, or 85 cents a share, in the year-earlier period. Revenue rose to $436.9 million from $310.3 million. The FactSet consensus was for EPS of 96 cents and revenue of $408 million. The company said it now expects second-quarter EPS of $1.02 to $1.06 and revenue of $460 million to $470 million. The FactSet consensus is for EPS of $10.3 and revenue of $452 million. Separately, the company said it intends to oppose and defend itself in a dispute with SmileDirectClub, which has accused it of breach of a noncompete provision. Shares have gained 107% in the last 12 months, while the S&P 500 SPX, +0.18% has gained 11%. Show less Read more
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