Investing.com - Align (NASDAQ:ALGN) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Align announced earnings per share of $2.25 on revenue of $734.1M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $513.56M.
Align shares are up 20.09% from the beginning of the year and are trading at $388.00 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 33.58% from the start of the year.
Align shares gained 15.79% 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 Tuesday, October 13, 2020, who reported EPS of $2.2 on revenue of $21.08B, compared to forecasts EPS of $1.98 on revenue of $20.2B.
Abbott Labs had beat expectations on Wednesday with third quarter EPS of $0.98 on revenue of $8.85B, compared to forecast for EPS of $0.9 on revenue of $8.5B.
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