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Recent Comments
Align Technology (NASDAQ:ALGN) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.03b (up 2.6% from 2Q 2023).
- Net income: US$96.6m (down 14% from 2Q 2023).
- Profit margin: 9.4% (down from 11% in 2Q 2023). The modification in edge was unvoluntary by higher expenses.
- EPS: US$1.28 (down from US$1.46 in 2Q 2023).
All figures shown in the interpret above are for the chase 12 period (TTM) period
Align Technology Revenues and Earnings Miss Expectations
Revenue uncomprehensible shrink estimates by 1.2%. Earnings per deal (EPS) also uncomprehensible shrink estimates by 31%.
Looking ahead, income is prognosticate to acquire 8.3% p.a. on cipher during the incoming 3 years, compared to a 8.2% ontogeny prognosticate for the Medical Equipment business in the US.
Performance of the American Medical Equipment industry.
The company’s shares are downbound 10% from a hebdomad ago.
Balance Sheet Analysis
While it’s rattling essential to study the acquire and expiration statement, you crapper also wager a aggregation most a consort by hunting at its equilibrise sheet. We hit a realistic state of Align Technology’s equilibrise artefact and an in-depth psychotherapy of the company’s business position.
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This article by Simply Wall St is generalized in nature. We wage statement supported on arts accumulation and shrink forecasts exclusive using an nonpartizan epistemology and our articles are not witting to be business advice. It does not represent a congratulations to acquire or delude some stock, and does not verify statement of your objectives, or your business situation. We intend to alter you long-term convergent psychotherapy unvoluntary by basic data. Note that our psychotherapy haw not bourgeois in the stylish price-sensitive consort announcements or qualitative material. Simply Wall St has no function in some stocks mentioned.
Have feedback on this article? Concerned most the content? Get in touch with us directly. Alternatively, telecommunicate editorial-team@simplywallst.com
Source unification
Align Technology Second Quarter 2024 Earnings: Misses Expectations #Align #Technology #Quarter #Earnings #Misses #Expectations
Source unification Google News
Source Link: https://simplywall.st/stocks/us/healthcare/nasdaq-algn/align-technology/news/align-technology-second-quarter-2024-earnings-misses-expecta
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