Align Technology Inc. (ALGN) Thursday reported first-quarter loss of $42.0 million or $0.52 per share, compared to a profit of $21.0 million or $0.26 per share in the year-earlier quarter.
Adjusted earnings for the quarter was $21.2 million or $0.26 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $153.6 million, up 13.7 percent from $135.1 million last year. Analysts expected revenues of $149.40 million.
Looking ahead to the second quarter, the company has forecast earnings in the range of $0.26 to $0.28 per share. Revenues are expected to range between $153.6 million to $157.4 million.
Analysts, based on consensus, currently expect second-quarter earnings of $0.30 per share and revenues of $158.85 million.
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