CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Tuesday reported a loss of $21.7 million in its fourth quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 6 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The medical equipment and supplies holding company posted revenue of $212.9 million in the period.
For the year, the company reported that its loss narrowed to $143.4 million, or 96 cents per share. Revenue was reported as $764.2 million.
Alphatec shares have decreased 34% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.93, an increase of 29% 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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