SAN JOSE, Calif. (AP) _ Align Technology Inc. (ALGN) on Wednesday reported fourth-quarter earnings of $121.3 million.
The San Jose, California-based company said it had net income of $1.53 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $649.8 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $646 million.
For the year, the company reported profit of $442.8 million, or $5.53 per share. Revenue was reported as $2.41 billion.
For the current quarter ending in April, Align Technology expects its per-share earnings to range from $1.19 to $1.28.
The company said it expects revenue in the range of $615 million to $630 million for the fiscal first quarter.
Align Technology shares have dropped 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $261.60, a climb of 18% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGN at https://www.zacks.com/ap/ALGN
Automated Insights, source Associated Press News