UPDATE 1-Align Tech Q2 beats estimates, sees Q3 above Street

* Q2 adj EPS $0.21 vs est. $0.14

* Q2 adj rev $$93.9 mln vs est. $89.6 mln

* Sees Q3 EPS $0.16-$0.18 vs est. $0.14

* Sees Q3 rev $92-$95 mln vs est. $89.6 mln

* Shares up 12 pct after-market

July 22 (BestGrowthStock) – Align Technology Inc (ALGN.O: ) posted a
better-than-expected quarterly profit, helped by strong sales
of its Invisalign orthodontic products and forecast
third-quarter outlook above Street view.

For the second quarter, the maker of teeth-alignment
systems posted net income of $32.6 million, or 42 cents per
share, compared with $4.5 million, or 7 cents a share, last

Total net revenue rose 42 percent to $108.2 million in the

The latest quarter results included a pre-tax benefit of
$14.3 million from previously deferred revenue for Invisalign
Teen replacement aligners and a pre-tax credit of $8.7 million
to operating expenses related to an insurance settlement, the
company said in a statement.

Excluding items, the company posted a net profit of $16.5
million, or 21 cents a share, on net revenue of $93.9 million.

Analysts on average had expected the company to earn 14
cents a share, excluding special items, on revenue of $89.6
million, according to Thomson Reuters I/B/E/S.

Invisalign case shipments for the second quarter rose 27
percent to 67,500 compared with 53,000.

For the third quarter, Align expects to earn between 16
cents per share and 18 cents per share, on revenue between $92
million and $95 million.

The company Chief Financial Officer Kenneth Arola told
analysts on a conference call that the company expects to gain
share in the third quarter as sales in adolescent and teenage
patients go up during the summer, which is typically the
busiest time in ortho practices.

Analysts are expecting 14 cents a share on revenue of $89.6

Shares of the company were up 12 percent at $16.85 in after
market trade. They closed at $14.83 Thursday on Nasdaq.

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(Reporting by Shailesh Kuber in Bangalore; )

UPDATE 1-Align Tech Q2 beats estimates, sees Q3 above Street