Reuters: Global Markets: Align Tech sees revenue below estimates; shares fall

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Align Tech sees revenue below estimates; shares fall Jul 19th 2012, 21:54 Thu Jul 19, 2012 5:54pm EDT (Reuters) - Dental products maker Align Technology Inc (ALGN.O) posted a better-than-expected quarterly profit, but forecast third-quarter revenue below expectations, sending its shares down 5 percent after market. The company expects sales of between $136.8 million and $140.8 million for the quarter ending September 30. Analysts on average were expecting $145.5 million, according to Thomson Reuters I/B/E/S. San Jose, California-based Align expects shipments to slowdown in the quarter due to deferred revenue arising from promotional activities. Align's net income for the quarter ended June 30 rose to $28.5 million, or 34 cents per share, from $11.2 million, or 14 cents per share, a year ago. Revenue increased about 21 percent to $145.6 million. Analysts had expected a profit of 28 cents per share on revenue of $143 million, according to Thomson Reuters I/B/E/S. (Reporting by Prateek Kumar in Bangalore; Editing by Maju Samuel)

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