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Align Technology Inc. (ALGN) Jumped 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 gapped open sharply higher Tuesday, but traded in a narrow range throughout the session. Shares finished up by 4.32 at $31.76 on the highest volume of the year. The stock climbed above a one-month range and set a new high for the year.

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by RTT Staff Writer

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