Thursday, Align Technology Inc. (ALGN) reported a third-quarter net loss of $49.9 million or $0.72 per share, compared to net income of $5.2 million or $0.08 per share in the same quarter last year.
On a non-GAAP basis, net income was $8.9 million or $0.13 per share, compared to net income of $7.3 million or $0.11 per share in the year ago quarter.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenues for the quarter were $79.3 million, up from $75.2 million in the comparable quarter last year. Analysts expected the company to report revenue of $73.78 million for the quarter.
Looking ahead to the fourth quarter, the company expects net revenues to be in the range of $77.5 million - $81.0 million with earnings in the range of $0.07 - $0.09 per share. On a non-GAAP basis, earnings are expected to be in the range of $0.08 - $0.10 per share. Analysts currently anticipate the company to earn $0.06 per share on revenue of $76.58 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.