CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Thursday reported a loss of $41.1 million in its second quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 27 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 2 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The medical equipment and supplies holding company posted revenue of $185.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $179 million.
Alphatec expects full-year revenue of $742 million.
Alphatec shares have risen 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.58, an increase of almost 5% 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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