LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Thursday reported a loss of $6.1 million in its second quarter.
The Livonia, Michigan-based company said it had a loss of 21 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The company posted revenue of $481.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $477.3 million.
Alta Equipment shares have risen nearly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.17, a decrease of 12% 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
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
