CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Wednesday reported a loss of $39.6 million in its third quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 28 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The medical equipment and supplies holding company posted revenue of $150.7 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $147.5 million.
Alphatec expects full-year revenue of $605 million.
Alphatec shares have declined 63% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.59, a decrease of 37% 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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