Alphatec Holdings Q4 2023 GAAP EPS $(0.37) Misses $(0.25) Estimate, Sales $137.97M Beat $131.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alphatec Holdings (NASDAQ:ATEC) reported Q4 2023 GAAP EPS of $(0.37), missing the $(0.25) estimate, but sales of $137.97M exceeded the $131.01M estimate, marking a 30.23% increase from the previous year.
February 27, 2024 | 9:07 pm
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Alphatec Holdings reported a Q4 2023 GAAP EPS of $(0.37), missing estimates, but sales of $137.97M exceeded expectations, a 30.23% increase YOY.
While ATEC missed EPS estimates by 48%, the significant beat on sales forecasts and a 30.23% increase in sales YOY could offset negative sentiment from the earnings miss. The mixed results present a neutral outlook in the short term as investors weigh the underperformance in earnings against the strong sales growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100