Alphatec Holdings Q2 EPS $(0.43) Misses $(0.28) Estimate, Sales $116.92M Beat $109.89M Estimate
Portfolio Pulse from bharat@benzinga.com
Alphatec Holdings (NASDAQ:ATEC) reported Q2 losses of $(0.43) per share, missing the analyst consensus estimate of $(0.28) by 53.57%. This is a 19.44% decrease over losses from the same period last year. However, the company reported quarterly sales of $116.92 million, beating the analyst consensus estimate of $109.89 million by 6.40%. This is a 38.94% increase over sales from the same period last year.
August 04, 2023 | 2:20 pm
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NEUTRAL IMPACT
Alphatec's Q2 earnings per share missed estimates, but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Alphatec's Q2 earnings per share missed estimates, which could negatively impact the stock price. However, the company's sales exceeded expectations, which could have a positive effect. These mixed results make the short-term price impact uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100