Align Technology Stock Drops On Q2 Earnings: What Investors Need To Know
Portfolio Pulse from Adam Eckert
Align Technology Inc (NASDAQ:ALGN) shares dropped in after-hours trading following the release of its Q2 earnings report, which showed mixed results and soft guidance. The company reported Q2 revenue of $1.03 billion, slightly below estimates, and EPS of $2.41, above estimates. Despite a 2.6% year-over-year revenue increase, clear aligner revenues were down 0.1%. Align's guidance for Q3 and full-year 2024 was below expectations, contributing to the stock's decline.
July 24, 2024 | 9:12 pm
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Align Technology's Q2 earnings report showed mixed results with revenue slightly missing estimates and EPS beating expectations. The company's guidance for Q3 and full-year 2024 was below market expectations, leading to a 4.20% drop in after-hours trading.
The mixed Q2 results, with revenue missing and EPS beating estimates, combined with soft guidance for Q3 and full-year 2024, have led to a negative market reaction. The stock dropped 4.20% in after-hours trading, indicating investor disappointment.
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