Alta Equipment: Q3 Earnings Snapshot

LIVONIA, Mich. (AP) _ Alta Equipment Group Inc. (ALTG) on Wednesday reported third-quarter net income of $5.1 million, after reporting a loss in the same period a year earlier.

The Livonia, Michigan-based company said it had profit of 14 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The company posted revenue of $405 million in the period.

Alta Equipment shares have decreased 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.06, a fall of 28% 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 ALTG at https://www.zacks.com/ap/ALTG

Categories: Business News