Align Technology Inc

ALGN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$332.00	Lzlsb	Lkrpvfxj

Align Earnings: Results Were In Line With Our Expectations; Soft Volume Drove Down Sales

Keonhee Kim

Apr 27, 2023

Align Technology reported first-quarter earnings that were similar to our expectations. Total sales were $943.1 million during the quarter, down 3.1% year over year, driven by soft volume and unfavorable foreign exchange. We did not make any material changes to our forecast and maintain our fair value estimate of $311 per share.

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