Align Technology Q3 Profit Rises

(RTTNews) - Align Technology Inc. (ALGN) Thursday reported third-quarter net income of $38.2 million or $0.47 per share, up from $34.5 million or $0.42 per share last year.

Net revenues for the quarter rose to $189.9 million from $164.5 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.43 per share on revenues of $188.7 million for the quarter. Analysts' estimates typically exclude special items.

Looking forward to the fourth quarter, the company expects earnings of $0.47 to $0.50 per share, and revenues of $194.9 million to $199.1 million. Analysts currently estimate earnings of $0.51 per share on revenues of $199.2 million for the quarter.