Align beats The Street and rises on record 2012 sales
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.
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.