Alta Equipment Group's Q3: A Disappointing Loss

Alta Equipment Groups third-quarter financial results revealed a significant loss, with a net loss of forty-one point six million dollars, a considerable miss compared to analysts predictions of a twenty-seven cents per share loss. Revenue also fell short, posting four hundred twenty-two point six million dollars, below the expected four hundred fifty-eight point six million dollars. The companys stock has been struggling, decreasing by almost ten percent since January, and the stock price dropped to five dollars and eighty-nine cents, marking a twenty-two percent decrease over the past twelve months.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.