Alta Equipment: Q2 Earnings Snapshot

August 9, 2022 GMT

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.

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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