Alphatec Reports Solid Preliminary Q3 Revenues, Raises FY23 Outlook
Portfolio Pulse from Lekha Gupta
Alphatec Holdings Inc (NASDAQ:ATEC) reported strong preliminary Q3 FY23 revenues and increased its FY23 outlook. The company expects Q3 revenues of $117.7 million-$118.5 million, higher than the consensus of $111.78 million. ATEC also raised its FY23 revenue outlook to $472 million from $462 million. The company's shares are trading higher by 1.96% at $11.43.
October 16, 2023 | 4:17 pm
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POSITIVE IMPACT
Alphatec's strong Q3 FY23 revenues and increased FY23 outlook could positively impact its stock price.
Alphatec's strong Q3 FY23 revenues and increased FY23 outlook indicate a positive financial performance, which is likely to boost investor confidence and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100