Alector Q3 EPS $(0.53) Beats $(0.66) Estimate, Sales $9.11M Miss $9.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alector (NASDAQ:ALEC) reported Q3 losses of $(0.53) per share, beating the analyst consensus estimate of $(0.66) by 19.7%. However, the company's quarterly sales of $9.11 million missed the analyst consensus estimate of $9.97 million by 8.64%. This represents a 38.67% decrease in sales compared to the same period last year.
November 07, 2023 | 10:11 pm
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Alector's Q3 earnings per share beat estimates, but sales missed expectations and decreased significantly YoY.
Alector's earnings beat estimates, which is positive for the stock. However, the significant decrease in sales YoY and the miss on sales estimates is a negative signal, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100