- Align Technology (NASDAQ:ALGN) +27.2% after-hours as Q3 results crushed expectations for adjusted earnings, revenues, gross margin and operating margin.
- The company "knocked it out of the ballpark" in the quarter against even heightened investor expectations, Evercore ISI analyst Elizabeth Anderson says.
- "Strong top-line revenue beat, plus much higher than expected aligner revenue bodes well for the global recovery, and [Q3] growth likely benefited from a strong teen season," Anderson writes.
- Q3 revenue rose 21% Y/Y as shipments of Invisalign teeth straighteners beat consensus projections by more than 40%.
- SmileDirect (NASDAQ:SDC) +10.1% after-hours in response.
https://seekingalpha.com/news/3624577-align-tech-knocked-out-of-park-sparkling-q3-results
Wednesday, October 21, 2020
Align Tech 'knocked it out of the park' with sparkling Q3 results
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