RTTNews | Oct 21, 2020 05:37PM EDT

17:37 Wednesday, October 21, 2020 (RTTNews.com) - Align Technology Inc. (ALGN) announced a profit for its third quarter that advanced from last year.

The company's bottom line totaled $139.37 million, or $1.76 per share. This compares with $102.52 million, or $1.28 per share, in last year's third quarter.

Excluding items, Align Technology Inc. reported adjusted earnings of $177.86 million or $2.25 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.9% to $734.14 million from $607.34 million last year.

Align Technology Inc. earnings at a glance:

-Earnings (Q3): $177.86 Mln. vs. $118.44 Mln. last year.-EPS (Q3): $2.25 vs. $1.48 last year.-Analysts Estimate: $0.54-Revenue (Q3): $734.14 Mln vs. $607.34 Mln last year.

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