Skip to main content

Alta Equipment: Q1 Earnings Snapshot

LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Thursday reported a loss of $19.5 million in its first quarter.

On a per-share basis, the Livonia, Michigan-based company said it had a loss of 62 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.

The company posted revenue of $410.5 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $420.2 million.

Alta Equipment shares have risen 77% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.15, a climb of 79% 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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related News

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary