Altair Engineering: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:59 AM ET
Last Updated - Aug 02, 2024, 02:59 AM EDT
TROY, Mich. (AP) — TROY, Mich. (AP) — Altair Engineering Inc. (ALTR) on Thursday reported a loss of $5.1 million in its second quarter.
The Troy, Michigan-based company said it had a loss of 6 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 16 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The company posted revenue of $148.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $146.6 million.
