LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Wednesday reported a loss of $20.9 million in its first quarter.
On a per-share basis, the Livonia, Michigan-based company said it had a loss of 65 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The company posted revenue of $423 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $436.6 million.
In the final minutes of trading on Wednesday, the company’s shares hit $4.55. A year ago, they were trading at $11.82.
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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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