Alphatec Holdings Q3 2024 GAAP EPS $(0.28) Misses $(0.23) Estimate, Sales $150.719M Beat $147.218M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alphatec Holdings reported a Q3 2024 GAAP EPS of $(0.28), missing the estimate of $(0.23), but sales of $150.719M beat the estimate of $147.218M, marking a 27.44% increase from last year.
October 30, 2024 | 8:02 pm
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Alphatec Holdings reported a Q3 2024 EPS of $(0.28), missing estimates by 21.74%, but sales of $150.719M exceeded expectations, showing a 27.44% YoY increase.
The mixed earnings report for Alphatec Holdings shows a significant EPS miss, which is typically negative for stock prices. However, the sales beat and strong year-over-year growth could offset some of the negative sentiment. The net impact on the stock price is uncertain, leading to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100