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.

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