Align Technology Q4 Profit Soars - Quick Facts

(RTTNews) - Align Technology Inc. (ALGN) reported fourth-quarter net income of $42.4 million or $0.51 per share, compared to $9.6 million or $0.12 per share last year.

Adjusted income for the quarter was $42.4 million or $0.51 per share, up from $21.5 million or $0.26 per share in the prior year quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.43 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 24.8% to $178.29 million, from $142.84 million, a year ago, while 11 analysts expected revenue of $172.24 million for the quarter.

The company expects first-quarter earnings per share in a range of $0.32 to $0.34 and net revenues in a range of $175.2 million to $179.6 million. Analysts expect the company to report first-quarter profit per share of $0.37 on revenue of $174.79 million.