Align Tech Q2 2024 Adj EPS $2.41 Beats $2.30 Estimate, Sales $1.03B Miss $1.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Align Tech (NASDAQ:ALGN) reported Q2 2024 adjusted EPS of $2.41, beating the estimate of $2.30. However, sales were $1.03 billion, slightly missing the $1.04 billion estimate. Sales increased by 2.69% year-over-year.
July 24, 2024 | 8:07 pm
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POSITIVE IMPACT
Align Tech's Q2 2024 earnings per share beat estimates, but sales slightly missed expectations. Despite the sales miss, the year-over-year growth in sales is a positive indicator.
The beat on EPS is a positive signal for investors, indicating better-than-expected profitability. The slight miss on sales is less concerning given the year-over-year growth. Overall, the news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100