Eos Energy stock falls after Fuzzy Panda issues short report
TEMPE, Ariz. - Align Technology, Inc. (NASDAQ:ALGN) shares surged 11.4% in after hours trading Wendesday after the dental products maker reported third-quarter results that exceeded analyst expectations, driven by strong international growth and increased adoption among teens and kids.
The company posted adjusted earnings of $2.61 per share, significantly beating the analyst consensus of $2.42. Revenue came in at $995.7 million, up 1.8% YoY and above the consensus estimate of $975.92 million. The results also exceeded the company’s own guidance range of $965 million to $985 million.
Clear Aligner volume, a key performance metric, increased 4.9% YoY to 647,800 cases, with particularly strong growth in teen and kids’ cases, which jumped 8.3% YoY and 14.7% sequentially to 256,000 cases. This growth was primarily driven by strength in the EMEA, APAC, and Latin America regions.
"I am pleased to report third quarter revenues, Clear Aligner volumes, and non-GAAP operating margins, all above our outlook," said Align Technology President and CEO Joe Hogan. "While activity in the orthodontic and dental markets remains mixed, especially in North America, the initiatives we’re taking to drive consumer demand and patient conversion, including working with our DSO partners, are delivering results."
The company’s non-GAAP operating margin improved to 23.9%, up from 22.1% in the same quarter last year and above the company’s outlook of approximately 22%. This improvement came despite Q3 restructuring and other charges of $88.3 million.
For the fourth quarter, Align expects worldwide revenues between $1,025 million and $1,045 million, with Clear Aligner volume and average selling price projected to increase sequentially. The company anticipates Q4 non-GAAP operating margin of approximately 26.0%.
For the full fiscal year 2025, Align continues to expect Clear Aligner volume growth in the mid-single digits and revenue growth to be flat to slightly up from 2024, with non-GAAP operating margin slightly above 22.5%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.