Align Technology(US:ALGN) Zacks Investment Researchยท2024-02-01 01:31Core Insights - Align Technology reported revenue of $956.73 million for the quarter ended December 2023, reflecting a 6.1% increase year-over-year [1] - The earnings per share (EPS) was $2.42, up from $1.73 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $928.57 million by 3.03%, while the EPS surpassed the consensus estimate of $2.18 by 11.01% [1] Financial Performance Metrics - Clear Aligner Shipments totaled 593, slightly above the average estimate of 592 from two analysts [2] - Net revenues from Imaging Systems and CAD/CAM Services were $174.81 million, compared to the average estimate of $175.81 million, marking a year-over-year increase of 2.9% [2] - Total Clear Aligner net revenues reached $781.91 million, exceeding the estimated $753 million, representing a year-over-year growth of 6.9% [2] Stock Performance - Align Technology's shares have declined by 1.6% over the past month, while the Zacks S&P 500 composite increased by 3.3% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]