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Momentum Shift: Earnings Beat Propel Align Technology and Celestica

  • July 26th, 2023
  • 673 views

Align Technology, Inc. (Nasdaq: ALGN) reported strong second-quarter 2023 earnings per share (EPS) of $2.22 and revenues of $1.0 billion, surpassing the consensus estimate of $2.03 EPS on revenues of $991.4 million. 

Looking ahead, the company projects revenue to be in the range of $990 million to $1.01 billion for Q3 2023, while analysts expect revenue of $990.3 million for the period.

In the after-hours trading, $ALGN surged by $42.35 (+12.46%) to $382.20

On the other hand, Celestica Inc. (NYSE: CLS) posted Q2 2023 adjusted EPS of $0.55 and revenue of $1.94 billion, exceeding the consensus estimate of $0.47 on revenues of $1.82 billion. 

The company expects adjusted EPS for Q3 2023 to be in the range of $0.56 to $0.62, compared to the consensus estimate of $0.51.

$CLS rose by $2.54 (+15.43%) to $19.00 in the extended session

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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