ATEC Announces Preliminary Q3 2023 Revenue Results And Raises Full-Year Revenue Guidance; Sees Q3 Revenue $117.7M-$118.5M Vs $111.78M Est; Now Raises FY23 Revenue Guidance From $462M To ~$472M Vs $462.69M Est.
Portfolio Pulse from Benzinga Newsdesk
Alphatec Holdings, Inc. (NASDAQ:ATEC) has announced preliminary Q3 2023 revenue results and raised its full-year revenue guidance. The company now expects Q3 revenue to be between $117.7M and $118.5M, compared to the estimated $111.78M. The full-year 2023 revenue guidance has been raised from $462M to approximately $472M, against the estimated $462.69M. The company attributes this growth to the strong momentum of ATEC lateral adoption.
October 16, 2023 | 1:10 pm
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Alphatec Holdings has raised its Q3 and full-year 2023 revenue guidance, indicating strong performance. This could positively impact the company's stock in the short term.
Companies that raise their revenue guidance typically see a positive reaction in their stock price as it indicates better-than-expected performance. In this case, Alphatec's announcement of higher Q3 and full-year 2023 revenue guidance suggests strong business performance, which is likely to be viewed positively by investors and could drive the stock price up in the short term.
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