Align Technology, Inc. [stckqut]ALGN[/stckqut] reported earnings per share (EPS) of $1.01 in the third quarter of 2017, substantially up 60.3% year over year. Earnings were also higher than the company’s guided range of 78-81 cents. The figure comfortably beat the Zacks Consensus Estimate of 82 cents.
Revenues grew 38.3% year over year to $385.3 million in the quarter, surpassing the Zacks Consensus Estimate of $360 million. This also remained well ahead of the company’s guided range of $355-$360 million.
Per management, a strong top line was driven by robust Invisalign case shipments of 32.8% year over year to 236.1 thousand during the third quarter. This upside was backed by growth in North America and international regions. Also a 46.3% year-over-year surge in teenage cases across the board, reflecting a very strong summer teen season, contributed to the top-line growth.
Source: Align Technology (ALGN) Q3 Earnings Top on Invisalign Sales – Nasdaq.com