Investing.com - Align (NASDAQ:ALGN) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Align announced earnings per share of $2 on revenue of $969.6M. Analysts polled by Investing.com anticipated EPS of $2.28 on revenue of $998.02M.
Align shares are down 60.04% from the beginning of the year and are trading at $253.50 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 22.79% from the start of the year.
Align shares lost 3.47% in after-hours trade after the report.
Align follows other major Healthcare sector earnings this month
Align's report follows an earnings beat by UnitedHealth on Friday, July 15, 2022, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on Tuesday, July 19, 2022 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.
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