Investing.com - Align 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 down 45.16% from the beginning of the year , still down 51.12% from its 52 week high of $737.45 set on Thursday, September 23, 2021. They are under-performing the Nasdaq which is down 20.17% year to date.
Align shares lost 20.76% in after-hours trade the report.
Align follows other major Healthcare sector earnings this month
Align's report follows an earnings beat by UnitedHealth on Thursday, April 14, 2022, 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 Tuesday, April 19, 2022 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.
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