SAN JOSE, Calif. (AP) _ Align Technology Inc. (ALGN) on Tuesday reported fourth-quarter profit of $97.4 million.
The San Jose, California-based company said it had profit of $1.20 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $534 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $512 million.
For the year, the company reported profit of $400.2 million, or $4.92 per share. Revenue was reported as $1.97 billion.
Align Technology shares have climbed 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $222.34, a decline of 20 percent in the last 12 months.
No comments:
Post a Comment