Align Tech beats by $0.05, reports revs in-line; guides Q4 EPS below consensus, revs below consensus
- Reports Q3 (Sep) earnings of $1.24 per share, $0.05 better than the S&P Capital IQ Consensus of $1.19; revenues rose 31.1% year/year to $505.3 mln vs the $503.14 mln S&P Capital IQ Consensus. Q3 total Invisalign case shipments up 35.3% year-over-year to 319.3 thousand
- Co issues downside guidance for Q4, sees EPS of $1.10-1.15 vs. $1.32 S&P Capital IQ Consensus; sees Q4 revs of $505-515 mln vs. $544.91 mln S&P Capital IQ Consensus.
- Q4 Guidance Metrics: Invisalign case shipments in the range of 330 thousand to 335 thousand, up approximately 29% to 31% over the same period a year ago. Operating margin in the range of 23.2% to 23.9%.
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