CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Tuesday reported a loss of $48.5 million in its first quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 34 cents.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The medical equipment and supplies holding company posted revenue of $138.5 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $134.4 million.
Alphatec shares have dropped 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.58, a fall of roughly 9% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATEC at https://www.zacks.com/ap/ATEC
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