Align Earnings, Revenue Miss in Q2
2022.07.28 01:14
Align Earnings, Revenue Miss in Q2
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 7% from the beginning of the year, still down 64.39% from its 52 week high of $737.45 set on September 23, 2021. They are outperforming the Nasdaq which is down 23.09% from the start of the year.
Align shares lost 3.47% 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 July 15, 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 July 19 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
