CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Thursday reported a loss of $5.5 million in its third quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The medical equipment and supplies holding company posted revenue of $221.2 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $224.3 million.
Alphatec expects full-year revenue of $862 million.
Alphatec shares have fallen 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.37, a fall of 31% 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
