Boston, MA 07/23/2013 (wallstreetpr) – Align Technology Inc (NASDAQ:ALGN) reported its second quarter adjusted earnings per share as $0.36 which was higher than the consensus estimate which was calculated as $ 0.28. The revenue of the company has increased by 12.5% to reach $ 163.83 million as compared with first quarter results of the year. During the last trading session, the shares of Align Technology Inc have opened steeply higher and the stock of the company has jumped to reach a new hike for this year.
With regards to the performance of the company during the next following quarter, the analysts are having a neutral look. Align Technology Inc is expecting to report the third quarter earnings per share between the values of $0.28 and $ 0.30 on comparing with the consensus estimated value of $ 0.31. This average estimate of $ 0.31 remains the same for the past 3 months. However, for the past 3 months, the average estimate has increased from profit to a profit of $ 1.19 from a profit of $ 1.18 for the current year.
During last week, the Align Technology Inc has made an announcement regarding the inclusion of two executives to the company’s management team. David L. White will be joining as chief financial officer with effective after the filing of the company’s quarterly report for Q2 2013 which ended on 30th June of this year. This filing by the company is anticipated on or around 2nd of August. John P. Graham is joining as vice president of marketing and chief marketing officer with effective from today. They both will be reporting to Thomas M. Prescott, President and CEO directly.
Last week, Align Technology Inc has made an announcement regarding the company’s technology patents. Per the announcement, the patent chamber of the District Court in Dusseldorf, Germany has granted the permanent injunctions with Ortho Caps and Rasteder KFO which was based on the identification that Ortho Caps and Rasteder KFO infringe the European patents separately
