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Stock impact report

Alta Earnings: What To Look For From ALTG [Yahoo! Finance]

Richardson Electronics, Ltd. (RELL) 
US:NASDAQ Investor Relations: rell.com/investor-relations
Company Research Source: Yahoo! Finance
Alta beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $481.2 million, down 1.4% year on year. It was an exceptional quarter for the company, with a beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Is Alta a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members This quarter, analysts are expecting Alta's revenue to grow 2.8% year on year to $461.6 million, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.17 per share. Alta Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alta has missed Wall Street's revenue estimates four times over the last two years. Looking at Alta's peers in the specialty equipment distributors segment, some have already Show less Read more
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