Alphatec Holdings Q2 2024 GAAP EPS $(0.29) Misses $(0.25) Estimate, Sales $145.573M Beat $144.491M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alphatec Holdings (NASDAQ:ATEC) reported Q2 2024 GAAP EPS of $(0.29), missing the analyst estimate of $(0.25) by 16%. However, the company reported sales of $145.573M, beating the estimate of $144.491M and showing a 24.51% increase from the same period last year.
July 31, 2024 | 8:05 pm
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Alphatec Holdings reported a Q2 2024 GAAP EPS of $(0.29), missing the analyst estimate of $(0.25) by 16%. However, the company reported sales of $145.573M, beating the estimate of $144.491M and showing a 24.51% increase from the same period last year.
The mixed results, with a significant EPS miss but a slight sales beat and strong YoY growth, suggest a neutral short-term impact. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100