Why Align Technology Stock Is Skyrocketing Today
Shares of Align Technology (NASDAQ: ALGN) were skyrocketing 32.9% higher as of 10:09 a.m. EDT on Thursday. The huge jump came after the orthodontic-device maker announced stellar third-quarter results after the market closed on Wednesday.
Align didn't merely beat analysts' estimates in Q3; it absolutely crushed them. Wall Street expected the company to post revenue of around $514 million. Align generated revenue of $734.1 million in Q3. Analysts looked for adjusted earnings of $0.54 per share. Align more than quadrupled that projection with adjusted earnings of $2.25 per share.
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Source Fool.com
