Alphatec: Q4 Earnings Snapshot

Associated Press Finance
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CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Tuesday reported a loss of $49.1 million in its fourth quarter.

On a per-share basis, the Carlsbad, California-based company said it had a loss of 37 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The medical equipment and supplies holding company posted revenue of $138 million in the period.

For the year, the company reported that its loss widened to $186.6 million, or $1.54 per share. Revenue was reported as $482.3 million.

Alphatec expects full-year revenue of $595 million.

Alphatec shares have increased 1.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.34, a climb of slightly more than 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATEC at https://www.zacks.com/ap/ATEC

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