TEMPE, Ariz. (AP) _ Align Technology Inc. (ALGN) on Wednesday reported fourth-quarter earnings of $41.8 million.
The Tempe, Arizona-based company said it had profit of 54 cents per share. Earnings, adjusted for pretax expenses and stock option expense, were $1.73 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The maker of the Invisalign tooth-straightening system posted revenue of $901.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $889.3 million.
Align Technology shares have climbed 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $282.53, a decline of 44% 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
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