Align Technology (ALGN) Tops Q3 EPS by 11c; Issues Solid Outlook

Align Technology (NASDAQ: ALGN) reported Q3 EPS of $0.63, $0.11 better than the analyst estimate of $0.52. Revenue for the quarter came in at $278.6 million versus the consensus estimate of $271.61 million.

GUIDANCE:

Align Technology sees Q4 2016 EPS of $0.64-$0.67, versus the consensus of $0.66. Align Technology sees Q4 2016 revenue of $289.2-293.9 million, versus the consensus of $288 million.

"Q3 was a solid quarter with revenue, margins and EPS above the high end of our guidance. Our results were driven by record Invisalign case volume, up 20.5% year-over-year reflecting growth across all customer channels and geographies, as well as continued demand for iTero scanners," 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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