Alta Equipment Group (NYSE:ALTG) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.11 by 63.64 percent. This is a 800 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $405.00 million which beat the analyst consensus estimate of $379.23 million by 6.80 percent. This is a 37.29 percent increase over sales of $295.00 million the same period last year.
Nasdaq Settles Higher Following CPI; Market Volatility Drops Sharply
The Nasdaq increased sharply following lower-than-expected rise in inflation for April.
The annual inflation rate in the US fell to 4.9% in April, recording the lowest level since April 2021, and compared to 5% in March. Month-over-month CPI rose 0.4% in April.
