Alight Q4 Adj EPS $0.30 Beats $0.26 Estimate, Sales $960.00M Miss $1.03B Estimate
Portfolio Pulse from saritha@benzinga.com
Alight (NYSE:ALIT) reported Q4 adjusted EPS of $0.30, surpassing the $0.26 estimate, marking a 42.86% year-over-year increase. However, its Q4 sales of $960M fell short of the $1.03B estimate, a 1.91% increase from the previous year.
February 21, 2024 | 12:42 pm
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NEUTRAL IMPACT
Alight's Q4 adjusted EPS exceeded expectations at $0.30, a significant increase from last year, but sales missed estimates at $960M.
The mixed results with an earnings beat but a miss on revenue forecasts could lead to neutral market sentiment in the short term. The significant increase in EPS year-over-year is positive, but the miss on sales estimates may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100