Align Technology (ALGN) recently reported impressive financial results for the quarter ended March 2024. The company generated revenue of $997.43 million, a 5.8% increase compared to the same period last year, and earnings per share (EPS) of $2.14, up from $1.82 in the previous quarter. These results exceeded Wall Street expectations by 2.62% and 8.08%, respectively, with revenue surpassing estimates by a significant margin.
Investors often look at year-over-year revenue and EPS changes as well as analyst estimates when making investment decisions. However, certain key metrics provide a more accurate assessment of a company’s financial health when compared to both the previous year and analyst estimates. By analyzing these metrics in detail, investors can better predict stock price performance in the future.
One of Align Technology’s key metrics is clear aligner shipments, which reached 605 in the latest quarter, exceeding analyst estimates of 589 units on average. Additionally, net revenues for Imaging Systems and CAD/CAM Services were $180.18 million, higher than analyst estimates of $163 million from three different sources on average. Finally, total Clear Aligner net revenues came in at $817
In the article “Doctors plead with Congress to help improve U.S. maternal mortality rate” by…
Germany's Lena Meissner has just secured her first World Cup podium win in Samarkand after…
Councilmember Driscoll has expressed his hope that the expanded curfew measure, which will not affect…
The Elite racers are now racing against the clock to determine who will advance to…
In Bethel, a former Yute Commuter Service business manager, Nathan McCabe, has been charged with…
Nearly 300 students from eight regional schools will be participating in the Youth Water Summit…