Alta Equipment: Q2 Earnings Snapshot
LIVONIA, Mich. (AP) _ Alta Equipment Group Inc. (ALTG) on Tuesday reported second-quarter net income of $6.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Livonia, Michigan-based company said it had net income of 17 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 21 cents per share.
The company posted revenue of $406.5 million in the period.
Alta Equipment shares have declined 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.34, a drop of almost 9% in the last 12 months.