Align Technology, Inc. (ALGN) Tops Q3 EPS by 12c; Guides Above the Street

October 17, 2013 4:02 PM EDT
Align Technology, Inc. (NASDAQ: ALGN) reported Q3 EPS of $0.42, $0.12 better than the analyst estimate of $0.30. Revenue for the quarter came in at $164.5 million versus the consensus estimate of $158.64 million.

Align Technology, Inc. sees Q4 2013 EPS of $0.41-$0.43, versus the consensus of $0.36. Align Technology, Inc. sees Q4 2013 revenue of $169.1-173.1 million, versus the consensus of $164.3 million.

"I'm pleased to report another very good quarter for Align with net revenues, gross margin, and EPS higher than our outlook. Further we achieved record levels of net revenues, Invisalign case volume, and North American iTero scanner volume, enabling us to reach the low end of our long term model for operating margin, while generating strong operating cash flow," said Thomas M. Prescott, Align president and CEO. "The third quarter includes a seasonally slower period in Europe and in North America for our GP dentists, along with the peak of the summer season for teenage orthodontic case starts. We're pleased that patient traffic appears to have remained solid for our North American Orthodontist customers this summer, which resulted in strong sequential and year over year growth for Invisalign volume, especially in the important teenage segment."

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

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