Alta Equipment Group Q2 Adj $0.01 Beats $(0.07) Estimate, Sales $488.10M Miss $505.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alta Equipment Group (NYSE: ALTG) reported Q2 earnings of $0.01 per share, beating the analyst estimate of $(0.07) but showing a significant decrease from $0.19 per share last year. Sales were $488.10 million, missing the $505.47 million estimate but up 4.21% from last year.
August 07, 2024 | 8:52 pm
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Alta Equipment Group reported Q2 earnings of $0.01 per share, beating the $(0.07) estimate but down from $0.19 last year. Sales missed estimates at $488.10M but were up 4.21% YoY.
While the earnings per share beat estimates significantly, the substantial year-over-year decline and the miss on sales estimates may neutralize the positive impact. Investors may have mixed reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100