Invisalign maker Align Tech stock falls more than 5% after Q1 earnings

Shares of Align Technology Inc.

dropped more than 5% in the extended session Wednesday despite a beat for the maker of Invisalign orthodontic braces and other medical devices. Align earned $88 million, or $1.14 a share, in the first quarter, compared with $134.3 million, or $1.70 a share, in the year-ago quarter. Adjusted for one-time items, Align earned $1.82 a share. Revenue dropped 3.1% to $943.1 million, the company said. Analysts polled by FactSet expected adjusted EPS of $1.69 on sales of $903 million.

dropped more than 5% in the extended session Wednesday despite a beat for the maker of Invisalign orthodontic braces and other medical devices. Align earned $88 million, or $1.14 a share, in the first quarter, compared with $134.3 million, or $1.70 a share, in the year-ago quarter. Adjusted for one-time items, Align earned $1.82 a share. Revenue dropped 3.1% to $943.1 million, the company said. Analysts polled by FactSet expected adjusted EPS of $1.69 on sales of $903 million.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Enphase stock falls more than 15% as energy-tech company's revenue outlook comes up shortShares of Enphase Energy dropped more than 15% in the extended session Tuesday after the energy technology company projected lower-than-expected revenue in the current quarter.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

U.S. stock futures dip as investors eye big-tech earningsInvestors were cautious ahead of a batch of company earnings, while also wary of looming economic data that may color the Federal Reserve's thinking.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Stock markets today: US futures fall ahead of tech earningsGlobal stocks and Wall Street futures declined Tuesday as investors awaited U.S. earnings reports and an update on economic growth.
Sumber: wjxt4 - 🏆 246. / 63 Baca lebih lajut »