LIVONIA, Mich. (AP) 鈥� LIVONIA, Mich. (AP) 鈥� 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.
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