CARLSBAD, Calif. (AP) 鈥� CARLSBAD, Calif. (AP) 鈥� 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.
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