CARLSBAD, Calif. (AP) _ Alphatec Holdings Inc. (ATEC) on Thursday reported a loss of $37 million in its third quarter.
The Carlsbad, California-based company said it had a loss of 35 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The medical equipment and supplies holding company posted revenue of $89.8 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $87.1 million.
Alphatec shares have dropped 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.15, a decline of 31% 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 ATEC">Zacks stock report on ATEC at https://www.zacks.com/ap/ATEC