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Align beats The Street and rises on record 2012 sales

Thu, 01/31/2013 - 1:17pm
Mass Device

Align Technology got an 8.5% boost on Wall Street today after the company released its Q4 2012 earnings report, beating analysts' estimates with record Invisalign shipments during the year.

Align Technology logo

Orthodontic devices maker Align Technology (NSDQ:ALGN) won big points on Wall Street today after releasing a strong 4th quarter earnings report, beating expectations and issuing optimistic projections for 2013.

The San Jose, Calif.-based company reported $9.6 million in profits, or 12¢ per diluted share, on sales of $142.8 million during the 3 months ended Dec. 31, 2012. That represents a 10.8% boost in revenues but a 53.3% decline in earnings compared with the same period in 2011, when the company reported $20.4 million in profit, or 25¢ per share, on $128.9 million in sales.

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