Align Technology, Inc. (ALGN) Tops Q3 EPS by 5c; Guide Q4, Authorizes $150M Buyback

Align Technology, Inc. (NASDAQ: ALGN) reported Q3 EPS of $0.24, $0.05 better than the analyst estimate of $0.19. Revenue for the quarter came in at $125.9 million versus the consensus estimate of $121.43 million.

Align Technology, Inc. sees Q4 2011 EPS of $0.17-$0.19, versus the consensus of $0.19. Align Technology, Inc. sees Q4 2011 revenue of $124-$128.5 million, versus the consensus of $122.59 million.

In a separate announcement today Align also announced that its board of directors has authorized a stock repurchase program of up to $150 million, effective immediately. For more information, please see Align's press release titled, "Align Technology Announces $150 Million Stock Repurchase Program."

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