Align Technology Jumps 17% Following Q2 Earnings
<p>Following the release of its Q2 results, <a href='https://financialmodelingprep.com/financial-summary/ALGN'>Align Technology (NASDAQ:ALGN)</a> experienced a significant stock price surge of more than 17% intro-day today. The company reported an EPS of $2.22, surpassing the Street estimate of $2.04.</p>
<p>In terms of revenue, Align Technology achieved a year-over-year growth of 3.3%, reaching $1 billion, which exceeded the Street estimate of $992.76 million.</p>
<p>Notably, in the second quarter, Clear Aligner revenues experienced a year-over-year growth of 4.3%, amounting to $832.7 million. The volume of Clear Aligner cases reached 604,400, representing a 0.9% increase compared to the previous year.</p>
<p>For the upcoming Q3/23, the company anticipates revenue to fall within the range of $990 million to $1.01 billion, slightly higher than the Street estimate of $990 million. Align Technology projects full-year revenue to be in the range of $3.97 billion to $3.99 billion, surpassing the Street estimate of $3.94 billion.</p>

NASDAQ:ALGN