Align Technology, Inc. (ALGN) Tops Q3 EPS by 4c; Q4 Outlook Relatively In_line

October 23, 2014 4:02 PM EDT

Align Technology, Inc. (NASDAQ: ALGN) reported Q3 EPS of $0.47, $0.04 better than the analyst estimate of $0.43. Revenue for the quarter came in at $189.9 million versus the consensus estimate of $188.7 million.

Align Technology, Inc. sees Q4 2014 EPS of $0.47-$0.50, versus the consensus of $0.51. Align Technology, Inc. sees Q4 2014 revenue of $194.9-199.1 million, versus the consensus of $199.2 million.

"I am pleased to report solid third quarter results with year-over-year growth driven by higher Invisalign volume across all customer channels and geographies, especially from International doctors. Third quarter results also reflect continued growth in the number of teenagers starting orthodontic treatment with Invisalign during the summer season," said Thomas M. Prescott, Align president and CEO. "As a result of solid revenue growth, better than expected gross margin and management of operating expenses, EPS was $0.03 above the high-end range of our outlook."

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



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