Align Technology Inc.'s (NASDAQ:ALGN) declared its results today which outpaced analysts' expectations and the share of the company was closed 16% higher to almost $25 in thursday's market session.Its profit for the first quarter of FY11 was $15.8 million or 20 cents a share as compared with $14.9 million or 19 cents a share on YOY basis with a revenue increase of 16.4% to $104.9 million. Analysts were expecting an income of 19 cents a share and a revenue of $104.2 million.
Last month, Align acquired privately held Cadent Holdings Inc., a provider of 3D digital scanners for orthodontics and dentistry, for $190 million in cash. The company is seeking to drive adoption of its Invisalign teeth aligners by integrating its treatment more fully with tools and procedures used by doctors.
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