Align Technology reports third-quarter 2024 revenue growth. This can be mostly attributed to a robust performance by the Imaging Systems & CAD/CAM Services business segment.
Align Technology, Inc. (NASDAQ:ALGN ) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET Company Participants Shirley Stacy - VP, Corporate Communications & IR Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Brandon Vazquez - William Blair Jon Block - Stifel Elizabeth Anderson - Evercore ISI Jason Bednar - Piper Sandler David Saxon - Needham & Company Jeff Johnson - Baird Kevin Caliendo - UBS Michael Cherny - Leerink Partners Erin Wright - Morgan Stanley Mike Ryskin - Bank of America Operator Greetings. Welcome to the Align Third Quarter 2024 Earnings Call.
Although the revenue and EPS for Align Technology (ALGN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Align Technology (ALGN) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.14 per share a year ago.
Align Technology missed Wall Street estimates for third-quarter revenue on Wednesday, on lower-than-expected demand for its clear teeth aligners among younger patients.
Here is a sneak peek into how three MedTech stocks, BSX, TMO and ALGN, are expected to fare in their third-quarter results, slated to be released tomorrow.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Align Technology (ALGN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Align Technology's third-quarter results are likely to reflect the strength in its Clear Aligner and Systems & Services businesses.
ALGN is facing a decline in Invisalign ASPs for comprehensive treatment options. This is resulting in a decline in the company's revenues.
Align Technology , the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub.
Align Technology (ALGN) reported earnings 30 days ago. What's next for the stock?
Align's recent earnings were underwhelming, leading to a 21.56% YTD stock drop. Q2 2024 earnings showed mixed results, with EPS beating estimates but revenue slightly lower than expected. Align's potential lies in its large TAM, strong gross margin, and top management, but growth needs to accelerate for investor trust.