Allient (ALNT) Misses Q2 Earnings and Revenue Estimates

Allient (ALNT) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.50%. A quarter ago, it was expected that this motion control product maker would post earnings of $0.51 per share when it actually produced earnings of $0.58, delivering a surprise of 13.73%.Over the last four quarters ...