Align Technology Inc
ALGN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$861.00 | Bkhkxcb | Ypctktfk |
Align Earnings: Results Were In Line With Our Expectations; Soft Volume Drove Down Sales
Align Technology reported first-quarter earnings that were similar to our expectations. Total sales were $943.1 million during the quarter, down 3.1% year over year, driven by soft volume and unfavorable foreign exchange. We did not make any material changes to our forecast and maintain our fair value estimate of $311 per share.