Align Technology Sees FY24 Revenue Up Mid-Single Digits Over 2023; Capital Expenditures ~$100M
Portfolio Pulse from Benzinga Newsdesk
Align Technology forecasts its FY24 revenue to increase by a mid-single-digit percentage over its 2023 revenue. The company also anticipates capital expenditures to be around $100 million for the fiscal year.
January 31, 2024 | 9:05 pm
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Align Technology anticipates a mid-single-digit revenue growth for FY24 compared to 2023 and plans for capital expenditures of about $100 million.
The positive revenue growth projection for FY24 suggests that Align Technology is expecting continued business expansion and financial health. This outlook is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on the stock price. The planned capital expenditures indicate significant investment in the company's future capabilities, which can also be seen as a positive signal of growth and commitment to innovation. However, the exact impact on the stock price will depend on market conditions and investor sentiment.
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