Align Technology posts higher Q1 sales as profit dips

Sales grew in the first quarter for Align Technology, the Santa Clara, CA, manufacturer of Invisalign, although the company's net income dipped.

For the period (end-March 31), Align posted sales of $74.8 million, up 17 percent compared with revenues of $63.8 million in the same period the year before. The company's net income for the most recent quarter stood at $5.3 million, compared with $7 million in the same quarter of 2007. In its first-quarter 2008 results, the company said it incurred higher stock-based compensation costs of $4 million, compared to $2.5 million in the same quarter of 2007.

The company said it expects revenue for the second quarter of 2008 to be between $78.5 million and $81.5 million. The company also announced that it plans to repurchase up to $50 million of its own stock.

Page 1 of 221
Next Page