Align Earnings, Revenue Miss in Q1
2022.04.28 00:52
Align Earnings, Revenue Miss in Q1
Investing.com – Align (NASDAQ:ALGN) reported on Wednesday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Align announced earnings per share of $2.13 on revenue of $973.2M. Analysts polled by Investing.com anticipated EPS of $2.3 on revenue of $1.01B.
Align shares are up 1% from the beginning of the year, still down 51.12% from its 52 week high of $737.45 set on September 23, 2021. They are outperforming the Nasdaq 100 which is down 20.32% from the start of the year.
Align shares lost 20.84% in after-hours trade following the report.
Align follows other major Healthcare sector earnings this month
Align’s report follows an earnings beat by UnitedHealth on April 14, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on April 19 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
