Align Technology Inc. reported lower profit for the first quarter, weighed by higher costs and expenses, as sales surged due to an increase in volumes for its clear aligners.
The dental medical device company's profit fell to $200.4 million from $1.52 billion a year earlier. Earnings were $2.51 a share, down from $19.21 a share a year ago. Adjusted profit was $2.49 a share. Analysts surveyed by FactSet expected $2.02 a share.
Net revenue was $894.8 million, up from $551 million a year earlier. Analysts on average were looking for $848.6 million. Clear aligner revenues were $753.3 million, up 56% from a year ago.
The company said clear aligner volumes increased 66% from a year ago. Among teenage patients, that number grew by 59%.
Shares of Align Technology gained 3.7% to $636 in after-hours trading.
精彩评论