TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Align Technology Inc. (ALGN) on Wednesday reported second-quarter earnings of $108.3 million.
The Tempe, Arizona-based company said it had net income of $1.51 per share. Earnings, adjusted for one-time gains and costs, came to $2.64 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.56 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $1.06 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.05 billion.
For the current quarter ending in September, Align Technology said it expects revenue in the range of $1 billion to $1.02 billion.
Align Technology shares have climbed 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $180.03, a fall of 13% in the last 12 months.
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