Alector Q4 2023 GAAP EPS $(0.49) Beats $(0.77) Estimate, Sales $15.19M Beat $9.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alector (NASDAQ:ALEC) reported Q4 2023 earnings with a GAAP EPS of $(0.49), surpassing the $(0.77) estimate, and sales of $15.19M, exceeding the $9.64M estimate. This represents a 22.22% increase in EPS and a 5.19% increase in sales from the same period last year.
February 27, 2024 | 9:46 pm
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POSITIVE IMPACT
Alector reported a significant beat on both EPS and sales estimates for Q4 2023, with a 22.22% increase in EPS and a 5.19% increase in sales year-over-year.
Alector's significant beat on both EPS and sales estimates for Q4 2023, compared to analyst expectations, indicates strong financial performance and operational efficiency. This outperformance, especially in a year-over-year comparison, suggests positive momentum that could attract investor interest and potentially drive the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100