Align Technology (NASDAQ: ALGN) reported impressive financial results for the first quarter of 2024, surpassing analyst expectations for both earnings and revenue.
The company’s earnings per share (EPS) of $2.14 significantly exceeded the consensus estimate of $1.97. Revenue also came in strong at $997.4 million, outperforming the analyst consensus of $974.53 million.
Looking ahead, Align Technology anticipates second-quarter 2024 revenue in the range of $1.03 billion to $1.05 billion, in line with the analyst consensus of $1.03 billion. The company’s financial health remains robust, with InvestingPro rating its performance as “great”.
Despite strong earnings, Align Technology’s stock price has experienced some volatility. It closed at $313.78, showing an 18.73% rise over the last three months and a 10.74% decline over the last 12 months.
Overall, Align Technology’s first-quarter performance highlights the company’s continued strength in the teeth alignment market. Investors are advised to monitor the company’s progress and guidance for further insights into its growth trajectory.
