Align Technology (ALGN) Tops Q1 EPS by 10c; Issues Solid Outlook
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Align Technology Announces Additional $300 Million Stock Repurchase Program
April 28, 2016 4:00 PM EDTSAN JOSE, CA -- (Marketwired) -- 04/28/16 -- Align Technology, Inc. (NASDAQ: ALGN) today announced that its board of directors has authorized a plan, effective immediately, to repurchase up to an additional $300 million of the Company's stock. This latest authorization is in addition to the existing $300 million authorization announced in April 2014, which brings the total authorization to $600 million. To date, Align has repurchased approximately $200 million of its stock, against these authorizations and anticipates it will repurchase another $100 million over the next 12 months.
"We're pleased to announce a $300 million increase in our current stock... More
Align Technology Announces First Quarter 2016 Results
April 28, 2016 4:00 PM EDTSAN JOSE, CA -- (Marketwired) -- 04/28/16 --
Align Technology, Inc. (NASDAQ: ALGN)
Q1 revenues were up 20.5% year-over-year to $238.7 million, and diluted EPS of $0.50 Q1 Clear Aligner shipments were up 25.2% year-over-year to 163.7 thousand cases, international shipments up 34.1% year-over-year Q1 Scanner and Services revenues were up 72.0% year-over-year to $19.0 millionAlign Technology, Inc. (NASDAQ: ALGN) today reported financial results for the first quarter ended March 31, 2016. Clear Aligner case shipments in the first quarter of 2016 (Q1'16) were 163.7 thousand, a 25.2% increase... More
