Align Technology (ALGN) saw its stock surge 10.20% in after-hours trading on Thursday following the release of its first-quarter earnings report that exceeded analyst expectations. The dental medical device company, known for its Invisalign clear aligners, demonstrated resilience in a challenging market environment.

The company reported adjusted earnings per share of $2.13, surpassing the analyst consensus estimate of $1.99 by 7.04%. While this represents a slight 0.47% decrease from the same period last year, it showcases Align's ability to maintain strong profitability. Revenue for the quarter came in at $979.3 million, beating the analyst estimates of $975.2 million despite showing a marginal 1.82% decrease year-over-year.

Investors were particularly encouraged by Align Technology's positive outlook for the full year, with the company projecting revenue growth between 3.5% and 5.5%. This forward-looking guidance suggests confidence in the company's ability to drive growth despite economic uncertainties. Additionally, Align reported a 6.2% year-over-year increase in Clear Aligner volume, driven by strength across the Asia Pacific and EMEA regions, as well as growth in North America. The strong quarterly performance, coupled with an optimistic future outlook, likely contributed to the significant after-hours stock price surge as investors reassessed the company's value proposition.