Align Technology Inc (NASDAQ:ALGN) shares are tumbling in Wednesday’s after-hours session after the company reported worse-than-expected results for the second quarter and issued soft guidance. Here’s a rundown of the report.
- Q2 Revenue: 1.01 billion, versus estimates of $1.06 billion
- Q2 Adjusted EPS: $2.49, versus estimates of $2.57
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Total revenue was down 1.6% on a year-over-year basis. Clear Aligner revenue of $804.6 million was down 3.3% year-over-year, while Imaging Systems and CAD/CAM Services revenue increased 5.6% year-over-year …