Align Technology Second Quarter 2024 Earnings: Misses Expectations – Journal Important Online

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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