Align Technology, Inc., the world leader in clear aligner technology and digital dentistry, recently reported its fourth quarter earnings for 2019, revealing an overall robust fiscal performance.
Total revenue for Q4 was $675.4 million, up 29% from the same quarter a year ago. Revenue from Invisalign products was $598.2 million, up 28.3%, while iTero Scanner revenue increased 101.4%, to $96.4 million.
The company’s adjusted net income for Q4 was $202.9 million, up 61.9% from a year ago, and its adjusted earnings per share (EPS) was $1.45, beating Wall Street estimates of $1.38.
Looking forward, Align Technology expects demand to remain strong, and has raised its guidance for 2020, predicting full-year revenue between $2.95 billion and $3 billion.
Overall, the company’s strong Q4 performance reflects the continued growth of its digital dentistry products and services, demonstrating the long-term potential of Align Technology in the dental industry.
TEMPE, Ariz. (AP) _ Align Technological innovation Inc. (ALGN) on Wednesday documented fourth-quarter earnings of $41.8 million.
The Tempe, Arizona-dependent business claimed it experienced gain of 54 cents per share. Earnings, adjusted for pretax expenditures and stock alternative expenditure, were $1.73 for every share.
The results surpassed Wall Street expectations. The ordinary estimate of seven analysts surveyed by Zacks Investment decision Investigation was for earnings of $1.52 for each share.
The maker of the Invisalign tooth-straightening system posted profits of $901.5 million in the interval, which also beat Road forecasts. 6 analysts surveyed by Zacks envisioned $889.3 million.
Align Technologies shares have climbed 34% given that the commencing of the calendar year. In the remaining minutes of investing on Wednesday, shares hit $282.53, a drop of 44% in the previous 12 months.
This tale was generated by Automatic Insights (http://automatedinsights.com/ap) utilizing facts from Zacks Financial commitment Exploration. Accessibility a Zacks inventory report on ALGN at https://www.zacks.com/ap/ALGN