Investing.com - Align (NASDAQ:ALGN) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Align announced non-GAAP earnings per share of $2.83 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $2.77 on revenue of $1.02B. GAAP earnings came in at $2.40/share.
The company also announced its guidance for 2022, including an expectation that the company would remain in its 20-30% revenue growth targets for the year despite the impact of the omicron COVID-19 variant and assuming no major new variants or supply chain headwinds. Guidance also was for 24% operating margins, in-line with 2021's 24.7% operating margin.
Align shares are trading flat in after-hours trading. The shares are down 23.06% from the beginning of the year, still down 31.44% from its 52 week high of $737.45 set on September 23, 2021.
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