Align Technology: Q2 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Align Technology Inc. (ALGN) on Wednesday reported second-quarter earnings of $96.6 million.

The Tempe, Arizona-based company said it had net income of $1.28 per share. Earnings, adjusted for one-time gains and costs, were $2.41 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.

The maker of the Invisalign tooth-straightening system posted revenue of $1.03 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.04 billion.

For the current quarter ending in September, Align Technology said it expects revenue in the range of $980 million to $1 billion.

Align Technology shares have decreased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $244.69, a decrease of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGN at https://www.zacks.com/ap/ALGN