Align Earnings Miss, Revenue Beats In Q2

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Align announced earnings per share of $-0.35 on revenue of $352.3M. Analysts polled by anticipated EPS of $-0.03 on revenue of $319.95M.

Align shares are up 14.16% from the beginning of the year , still down 2.39% from its 52 week high of $326.36 set on July 17. They are outperforming the S&P 500 which is up 1.4% from the start of the year.

Align shares gained 0.77% in after-hours trade following the report.

Align’s report follows an earnings beat by J&J on July 16, who reported EPS of $1.67 on revenue of $18.34B, compared to forecasts EPS of $1.49 on revenue of $17.61B.

Novartis ADR had beat expectations on Tuesday with second quarter EPS of $1.36 on revenue of $11.35B, compared to forecast for EPS of $1.34 on revenue of $11.9B.

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