Alta Equipment (ALTG) Reports Q3 Loss, Lags Revenue Estimates
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Alta Equipment (ALTG) reported a Q3 loss of $0.86 per share, missing the Zacks Consensus Estimate of a $0.22 loss. This is a significant decline from last year's earnings of $0.20 per share.
November 13, 2024 | 12:45 am
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Alta Equipment reported a larger-than-expected Q3 loss of $0.86 per share, missing the Zacks Consensus Estimate of a $0.22 loss. This marks a significant decline from last year's earnings of $0.20 per share.
The significant miss on earnings estimates and the year-over-year decline in earnings per share are likely to negatively impact Alta Equipment's stock price in the short term. Investors may react to the unexpected loss and the deviation from the consensus estimate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100