Investing.com - Align (NASDAQ:ALGN) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Align announced earnings per share of $-0.35 on revenue of $352.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $-0.03 on revenue of $319.95M.
Align shares are up 14.16% from the beginning of the year and are trading at $321.00 , down-from-52-week-high.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 follows other major Healthcare sector earnings this month
Align's report follows an earnings beat by J&J on Thursday, July 16, 2020, 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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