Align Technologies stock surges more than 10% after earnings beat

Align Technology Inc. 
ALGN,
+4.75%
shares rallied in the extended session Wednesday after the maker of Invisalign braces reported results that topped Wall Street estimates. Align shares surged as much as 14% after hours, following a 4.8% rise to finish the session at $282.53. The company reported net income of $41.7 million, or 54 cents a share, compared with $191 million, or $2.40 a share, from the year-ago period. Excluding items, Align reported earnings of $1.73 a share, compared with $2.83 in the year ago-period. Revenue fell to $901.5 million from $1.03 billion in the year-ago period. Analysts surveyed by FactSet had estimated $1.53 a share on revenue of $891.8 million. The company said it expects first-quarter revenue to be about flat to the fourth quarter, while analysts expect $889.5 million.