Skip to main content

Alphatec: Q1 Earnings Snapshot

CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Alphatec Holdings Inc. (ATEC) on Tuesday reported a loss of $33.9 million in its first quarter.

The Carlsbad, California-based company said it had a loss of 22 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to less than 1 cent on a per-share basis.

The medical equipment and supplies holding company posted revenue of $192.1 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $199.6 million.

Alphatec expects full-year revenue of $882 million.

Alphatec shares have decreased 51% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.23, a drop of 15% in the last 12 months.

_____

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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related Stories

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary