Why Align Technology Stock Is Advancing After Hours
Portfolio Pulse from Adam Eckert
Align Technology Inc (NASDAQ:ALGN) reported better-than-expected Q2 financial results, with a 3.4% YoY increase in revenue to $1 billion, beating the consensus estimate of $991.6 million. Adjusted earnings per share were $2.22, surpassing analyst estimates of $2.03. The company expects Q3 revenue to be between $990 million and $1.01 billion, and full-year revenue to be between $3.97 billion and $3.99 billion. Align's shares were up 12.3% after hours.
July 26, 2023 | 9:04 pm
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Align Technology's better-than-expected Q2 results and positive future revenue expectations have led to a 12.3% increase in its share price after hours.
Align Technology's Q2 results exceeded expectations, with revenues and earnings per share both beating estimates. This positive financial performance, along with the company's optimistic future revenue projections, has likely contributed to the after-hours increase in its share price.
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