Shares of Align Technology Inc.
ALGN,
jumped 14.1% after hours on Wednesday after the company, best known for its Invisalign teeth-alignment system, forecast first-quarter and full-year sales that were above expectations. Align said it expected first-quarter sales of $960 million to $980 million, above the FactSet consensus forecast for $947 million. For the full year, the company expected sales to be “up mid-single digits” year over year, compared with FactSet expectations for around 4% growth. For its fourth quarter, Align reported $956.7 million in sales, up 6.1% year over year and above Wall Street’s expectations for $934 million. Adjusted earnings per share were $2.42, above the consensus estimate of $2.18.
