RTTNews | Oct 22, 2020 09:53AM EDT

09:52 Thursday, October 22, 2020 (RTTNews.com) - Shares of medical device company Align Technology, Inc. (ALGN) are surging more than 35% Thursday morning following better-than-expected third-quarter results. The stock touched a new high of $457.22 this morning.

Align Technology reported adjusted earnings of $2.25 per share in the third quarter compared with $1.48 per share in the same quarter a year ago. On average, 14 analysts polled by Thomson Reuters were expecting earnings of $0.54 per share.

Revenues for the quarter were $734.1 million, up 20.9% year-over-year. The consensus estimate was for $514.4 million.

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