Align Technology Turns To Profit In Q3 - Quick Facts

(RTTNews) - Align Technology Inc. (ALGN) reported third-quarter net income of $34.54 million or $0.42 per share, compared to a loss of $344 thousand and breakeven per share, last year. Adjusted income for the quarter was $34.54 million or $0.42 per share.

Net profit for the third quarter of 2013 included $1.3 million, or $0.02 per share, for a one-time tax benefit related to fiscal 2012 U.S. federal income taxes. In the third quarter last year, net loss included a pre-tax goodwill impairment charge of $24.7 million, as well as other pre-tax acquisition and integration related costs of $0.4 million.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $164.51 million, from $136.50 million, a year ago. Analysts expected revenue of $158.61 million for the quarter.

The company expects fourth-quarter net revenues in a range of $169.1 million to $173.1 million, and earnings per share in a range of $0.41 to $0.43. Analysts expect the company to report fourth-quarter profit per share of $0.36 on revenue of $164.28 million.