Alta Equipment (ALTG) Reports Q2 Loss, Misses Revenue Estimates

Alta Equipment (ALTG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -850%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.38, delivering a surprise of -80.95%.Over the last four quarters, the company has surpa ...