Investing.com - Align (NASDAQ:ALGN) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Align announced earnings per share of $1.53 on revenue of $649.8M. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $645.89M. That with comparison to EPS of $1.2 on revenue of $534.02M in the same period a year before. Align had reported EPS of $1.28 on revenue of $607.34M in the previous quarter. Analysts are expecting EPS of $1.45 and revenue of $654.55M in the upcoming quarter.
Align shares are down 6.21% from the beginning of the year and are trading at $240.00 , still down 21.80% from its 52 week high of $334.64 set on May 16, 2019. They are under-performing the Nasdaq which is up 2.61% year to date.
Align shares lost 8.29% in after-hours trade after the report.
Align follows other major Healthcare sector earnings this month
Align's report follows an earnings beat by J&J on January 22, who reported EPS of $1.88 on revenue of $20.75B, compared to forecasts EPS of $1.87 on revenue of $20.8B.
Novartis ADR had beat expectations on Wednesday with fourth quarter EPS of $1.32 on revenue of $12.4B, compared to forecast for EPS of $1.31 on revenue of $12.33B.
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