Align Tech Q3 2024 Adj EPS $2.35 Beats $2.31 Estimate, Sales $977.87M Miss $987.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Align Technology reported Q3 2024 earnings per share of $2.35, surpassing the estimate of $2.31, marking a 9.81% increase from last year. However, sales of $977.87 million fell short of the $987.34 million estimate, despite a 1.84% increase from the previous year.
October 23, 2024 | 8:04 pm
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Align Technology's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $2.35 beat the $2.31 estimate, while sales of $977.87M missed the $987.34M forecast. This mixed result may lead to short-term stock price volatility.
The earnings per share beat indicates strong profitability, which is positive for the stock. However, the sales miss could raise concerns about revenue growth, leading to mixed investor sentiment and potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100