Stock Track | Alphatec Shares Plunge 6% Despite Q3 Earnings Beat and Raised Guidance

Stock Track11-01

Alphatec Holdings Inc. (ATEC) saw its shares tumble 6.24% on October 31, 2024, despite reporting better-than-expected third-quarter results and raising its full-year revenue guidance.

The medical device company reported a narrowed net loss of $39.6 million, or 28 cents per share, for the third quarter of 2024, compared to a loss of $42.7 million, or 35 cents per share, in the same period last year. Revenue for the quarter rose to $150.7 million, surpassing analysts' expectations of $147.2 million.

Furthermore, Alphatec raised its full-year 2024 revenue guidance, now expecting total revenue to grow 25% to $605 million, up from its previous estimate of $602 million. The company also increased its non-GAAP adjusted EBITDA outlook to around $27 million, compared to the prior outlook of $25.5 million.

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(ATEC) saw its shares tumble 6.24% on October 31, 2024, despite reporting better-than-expected third-quarter results and raising its full-year revenue guidance.\nThe medical ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ATEC","symbol_name":"阿尔法泰克","start_time":0,"source_url":"","article_id":"1114120331","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114120331","pubTimestamp":1730432332,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Alphatec Holdings Inc.  saw its shares tumble 6.24% on October 31, 2024, despite reporting better-than-expected third-quarter results and raising its full-year revenue guidance.The medical device company reported a narrowed net loss of $39.6 million, or 28 cents per share, for the third quarter of 2024, compared to a loss of $42.7 million, or 35 cents per share, in the same period last year. 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