Alphatec Holdings Q3 2023 EPS $(0.35) Misses $(0.28) Estimate, Sales $118.26M Beat $113.39M Estimate
Portfolio Pulse from totan@benzinga.com
Alphatec Holdings (NASDAQ:ATEC) reported Q3 2023 earnings per share (EPS) of $(0.35), missing the analyst consensus estimate of $(0.28) by 25 percent. However, the company's quarterly sales of $118.26 million beat the analyst consensus estimate of $113.39 million by 4.30 percent, marking a 31.64 percent increase from the same period last year.
November 06, 2023 | 9:32 pm
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Alphatec's Q3 2023 EPS missed estimates, but sales exceeded expectations and showed significant YoY growth.
Alphatec's EPS missed estimates, which could negatively impact the stock. However, the company's sales beat estimates and showed significant YoY growth, which could offset the negative impact of the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100