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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