LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Tuesday reported a third-quarter loss of $27.7 million, after reporting a profit in the same period a year earlier.
The Livonia, Michigan-based company said it had a loss of 86 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The company posted revenue of $448.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $481.1 million.
Alta Equipment shares have fallen 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.99, a drop of 27% 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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