SEGUIN, Texas (AP) — SEGUIN, Texas (AP) — Alamo Group Inc. (ALG) on Monday reported third-quarter net income of $2 million.

On a per-share basis, the Seguin, Texas-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, came to $2.06 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.65 per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $403.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $437 million.

Alamo Group shares have decreased 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $152.73, a decline of 15% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALG at https://www.zacks.com/ap/ALG