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Align Technology expects 2Q profit miss

By Associated Press
April 29, 2008 | Comments (0)

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Dental products company Align Technology Inc. said Tuesday it expects second-quarter profit that would be below Wall Street analysts' estimates.

The company said it expects second-quarter profit between 4 and 6 cents per share.

Analysts polled by Thomson Financial anticipate earnings of 10 cents per share.

Align Technology added its revenue would likely be between $78.5 million and $81.5 million. Analysts predict revenue of $81.7 million.

The company also reiterated its previous outlook for 2008 of earnings per share between 40 and 45 cents on revenue between $320 million and $330 million.

Analysts expect profit of 41 cents per share and revenue of $321.9 million.

Shares jumped $1.46, or 14.2 percent, to $11.78 in after-hours trading. During regular trading, shares fell 8 cents to close at $10.32.

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