Align Technology Surpasses Q4 Estimates, Unveils New Technology

Company's Q4 revenue and earnings beat expectations, driven by growth in clear aligner sales and the unveiling of the iTero Lumina intraoral scanner.

Align Technology's Q4 revenue increased by 6.1% year-over-year to $956.7 million, surpassing the consensus estimate of $933.67 million.
The company reported quarterly adjusted earnings of $2.42 per share, beating analyst estimates of $2.18 per share.
Clear aligner revenues were up 6.9% year-over-year to $781.9 million.
Align Technology unveiled a new technology, the iTero Lumina intraoral scanner, which offers faster scanning, higher accuracy, and superior visualization.
Align Technology expects Q1 revenue to be between $960 million and $980 million, above estimates of $946.854 million.