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Why Align Technology Stock Soared Today

Why Align Technology Stock Soared Today

Shares of Align Technology (NASDAQ: ALGN) jumped 27% on Thursday after the orthodontics leader's profits surpassed investors' expectations in its fourth-quarter earnings announcement Wednesday. After declining for several quarters, Align's revenue inched up 1.3% sequentially to $901.5 million in the fourth quarter. Meanwhile, the medical device company's imaging systems and services sales grew by 7.8%, to $169.9 million.