Align Technology (NASDAQ:ALGN) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$977.9m (up 1.8% from 3Q 2023).
- Net income: US$116.0m (down 4.5% from 3Q 2023).
- Profit margin: 12% (in line with 3Q 2023).
- EPS: US$1.55 (down from US$1.59 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Align Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company’s share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Align Technology’s balance sheet and an in-depth analysis of the company’s financial position.
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