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Align Technology Inc. (ALGN) Has Broken Out To A New High After Q1 Report

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Align Technology Inc. (ALGN: Quote) reported first quarter adjusted EPS of $0.27 after the close Monday, up from $0.21 in the prior year period. The consensus estimate was for EPS of $0.21. The company expects to report second quarter adjusted EPS of $0.26 to $0.28, compared to the consensus estimate of $0.24.

Align Technology has gapped open sharply higher Tuesday morning and is now up 5.60 at $33.04. The stock has surged past the upper end of a one-month range and has set a new high for the year.

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by RTT Staff Writer

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