Align Tech lifts annual sales forecast as teeth aligners power quarterly beat [Reuters]
Align Technology, Inc. (ALGN)
Last align technology, inc. earnings: 4/29 04:00 pm
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US:NASDAQ Investor Relations:
investor.aligntech.com/investor-relations
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Source: Reuters
April 24 (Reuters) - Align Technology on Wednesday raised its annual revenue growth forecast after topping Wall Street estimates for first-quarter profit, banking on resilient demand for its clear teeth aligners among teenagers and younger patients. Shares of the dental products maker rose 4.5% in extended trading. The maker of teeth aligners now sees its fiscal 2024 total revenue growth to be up 6% to 8% year-over-year, compared with a previously expected rise of mid-single digit over 2023. Demand for the company's clear aligners and consumer interest in orthodontic treatment has been improving since the fourth quarter after taking a hit during the pandemic when consumers prioritized spending on more urgent surgeries and essential products. Align expects second-quarter total sales to be between $1.03 billion and $1.05 billion, meeting analysts' estimates at mid-point. The company's total revenue rose 5.8% to $997.4 million in the January-to-March quarter, beating analysts'
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ALGN
Earnings
- 4/24/24 - Beat
ALGN
Sec Filings
- 5/3/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 4/24/24 - Form 8-K
- ALGN's page on the SEC website