Investing.com - Align (NASDAQ:ALGN) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Align announced earnings per share of $0.73 on revenue of $551M. Analysts polled by Investing.com anticipated EPS of $1.08 on revenue of $599.07M. That with comparison to EPS of $0.89 on revenue of $548.97M in the same period a year before. Align had reported EPS of $1.73 on revenue of $649.79M in the previous quarter. Analysts are expecting EPS of $1.21 and revenue of $572.88M in the upcoming quarter.
Align shares are down 20.94% from the beginning of the year , still down 34.08% from its 52 week high of $334.64 set on May 16, 2019. They are under-performing the S&P 500 which is down 9.43% year to date.
Align follows other major Healthcare (NYSE:HTA) sector earnings this month
Align's report follows an earnings beat by J&J on April 14, who reported EPS of $2.3 on revenue of $20.69B, compared to forecasts EPS of $2.02 on revenue of $19.73B.
Pfizer had beat expectations on Tuesday with first quarter EPS of $0.8 on revenue of $12.03B, compared to forecast for EPS of $0.7 on revenue of $11.34B.
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