TEMPE, Ariz. (AP) _ Align Technology Inc. (ALGN) on Wednesday reported second-quarter earnings of $112.8 million.
The Tempe, Arizona-based company said it had profit of $1.44 per share. Earnings, adjusted for stock option expense and pretax expenses, came to $2 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $969.6 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $975.1 million.
Align Technology shares have fallen 60% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $262.61, a decrease of 58% in the last 12 months.
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This story was generated by Automated Insights (https://ift.tt/VqzG5Ut) using data from Zacks Investment Research. Access a Zacks stock report on ALGN at https://ift.tt/O3ymXAq
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