Alta Equipment: Q3 Earnings Snapshot
LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Wednesday reported third-quarter net income of $7.4 million.
LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Wednesday reported third-quarter net income of $7.4 million.
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On a per-share basis, the Livonia, Michigan-based company said it had profit of 20 cents.
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The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The company posted revenue of $466.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $465.1 million.
Alta Equipment shares have fallen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.60, a decrease of 21% 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 ALTG at https://www.zacks.com/ap/ALTG