LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Thursday reported a loss of $700,000 in its fourth quarter.
The Livonia, Michigan-based company said it had a loss of 5 cents per share.
The results did not meet 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 $428.6 million in the period.
For the year, the company reported net income of $9.3 million, or 20 cents per share, swinging to a profit in the period. Revenue was reported as $1.57 billion.
Alta Equipment shares have climbed 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.27, a climb of 56% 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
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