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Invisalign parent Align Tech stock rallies 10% after Q3 earnings

Shares of Align Technology Inc. (ALGN) rallied 10% in the extended session Wednesday after the maker of the Invisalign brand of plastic aligners and other orthodontics products reported third-quarter profit and sales above Wall Street expectations. The company said it earned $181 million, or $2.28 a share, in the quarter, compared with $139 million, or $1.76 a share, in the year-ago period. Adjusted for one-time items, Align earned $2.87 a share. Sales were up 38% to $1.02 billion, including revenue of $837.6 million for sales of Invisalign devices. Analysts polled by FactSet expected Align to report adjusted earnings of $2.60 a share on sales of $978 million. the stock ended the regular trading day up 1.8%.

-Claudia Assis

 

(END) Dow Jones Newswires

10-27-21 1638ET

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