Altra Holdings gains as Q2 results beat the Street and firm raises guidance
Shares of Altra Holdings, Inc. (Nasdaq:AIMC) are seeing upward momentum in pre-market trading after the supplier of clutch brakes, couplings, gearing, belted drives and power transmission components reported second-quarter earnings after Monday’s close that trumped the consensus on Wall Street. The firm also raised its full year forecast, stating that it is optimistic for the remainder of the year due to strong bookings and expected strong demand.
Shares gained 10%, or $1.67, to $17.75 in pre-market trading. For detailed price information and recent news stories about Altra Holdings, click AIMC.
