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 illion for the quarter.
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