Align Technology's (ALGN) Clear Aligner ASP is facing a significant impact of unfavorable foreign exchange across multiple currencies.
Align Technology's (ALGN) records second-quarter 2024 revenue growth across all regions. This was mostly due to a robust performance by the Imaging Systems & CAD/CAM Services business segment.
Align Technology, Inc. (NASDAQ:ALGN ) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Shirley Stacy - Vice President of Corporate Communications & Investor Relations Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Michael Cherny - Leerink Partners Elizabeth Anderson - Evercore ISI Jonathan Block - Stifel, Nicolaus & Company Jeff Johnson - Baird Brandon Vazquez - William Blair Jason Bednar - Piper Sandler Michael Ryskin - Bank of America Erin Wright - Morgan Stanley Operator Greetings. Welcome to the Align Technology Second Quarter 2024 Earnings Call.
The headline numbers for Align Technology (ALGN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Align Technology (ALGN) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.22 per share a year ago.
Here is a sneak peek into how four MedTech bigshots, BSX, TMO, ALGN and EW, are expected to fare in their second-quarter results, slated to be released tomorrow.
Align Technology's (ALGN) second-quarter results are likely to reflect the strength in its Clear Aligner and Systems & Services businesses.
Align Technology (ALGN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Align Technology reported its Q1 FY24 earnings and is due to report Q2 earnings on June 24th where revenue is expected to grow 4% YoY with non-GAAP operating margin slightly increasing sequentially. With Q1 revenue off to a stronger than expected start on shipments and higher ASPs across Clear Aligner and Systems and Services Segment, management raised their revenue guidance. However, Hedgeye has recently added Align to its short list with a possible 20% downside from weaker Q2, as well as lower forecast for H2 and beyond from macroeconomic pressures.
Align Technology's (ALGN) Invisalign portfolio expansion efforts spark optimism.
Align Technology Inc (NASDAQ: ALGN) is keeping in the green at writing even after Hedgeye named it a new short idea on Friday. Shares of the 3D digital scanners company are down more than 20% versus their year-to-date high.
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