Align Tech Q4 2023 Adj EPS $2.42 Beats $2.18 Estimate, Sales $956.70M Beat $933.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Align Technology, Inc. (NASDAQ:ALGN) reported Q4 2023 adjusted earnings per share (EPS) of $2.42, surpassing the consensus estimate of $2.18 by 11.01%. Quarterly sales reached $956.70 million, exceeding the estimate of $933.67 million by 2.47% and marking a 6.12% increase from the same period last year.
January 31, 2024 | 9:01 pm
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POSITIVE IMPACT
Align Technology, Inc. (ALGN) exceeded Q4 2023 EPS and sales estimates, indicating strong financial performance and potential investor confidence.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for ALGN suggests a strong performance that could attract more investors and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100