04:27 PM EDT, 04/24/2024 (MT Newswires) -- Align Technology ( ALGN ) reported Q1 non-GAAP earnings late Wednesday of $2.14 per diluted share, up from $1.82 a year earlier.

Analysts polled by Capital IQ expected $1.97.

Revenue in the quarter ended March 31 rose to $997.4 million from $943.1 million a year earlier. Analysts surveyed by Capital IQ expected $973.8 million.

In Q2, the company expects revenue to be $1.03 billion to $1.05 billion. Analysts in a Capital IQ poll expect $1.03 billion.

In 2024, the company projects revenue growth of 6% to 8% from a year earlier. Analysts in a Capital IQ survey expect $4.05 billion.

The company expects to repurchase up to $150 million of common stock through open market repurchases or an accelerated stock repurchase agreement.

Shares of the company climbed 5.9% in after-hours activity.

Price: 332.40, Change: +18.62, Percent Change: +5.93