Align Technology (ALGN) Tops Q1 EPS by 10c; Issues Solid Outlook

Align Technology (NASDAQ: ALGN) reported Q1 EPS of $0.50, $0.10 better than the analyst estimate of $0.40. Revenue for the quarter came in at $238.7 million versus the consensus estimate of $236.22 million.

GUIDANCE:

Align Technology sees Q2 2016 EPS of $0.46-$0.59, versus the consensus of $0.50. Align Technology sees Q2 2016 revenue of $253.3-258.3 million, versus the consensus of $256.81 million.

"Q1 was a solid start to 2016 with better than expected revenues and earnings, driven by continued strong year-over-year Invisalign volume growth across our customer base, with North American shipments up 21% and international shipments up 34%. Demand for our new iTero Element scanner remains strong driving a 72% year-over-year growth in scanner and services revenues," said Joe Hogan, Align Technology President and CEO.

For earnings history and earnings-related data on Align Technology (ALGN) click here.

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