Alector Q1 EPS $(0.38) Beats $(0.51) Estimate, Sales $15.89M Beat $14.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alector (NASDAQ:ALEC) reported Q1 earnings with losses per share of $(0.38), surpassing the $(0.51) estimate, and sales of $15.89M, exceeding the $14.80M estimate. This represents a 25.49% beat on EPS and a 7.39% beat on sales estimates, despite a 3.96% decrease in sales compared to the same period last year.
May 08, 2024 | 9:43 pm
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POSITIVE IMPACT
Alector reported better-than-expected Q1 earnings and sales, beating EPS and revenue estimates with a significant improvement over last year's losses.
Alector's earnings beat and positive sales performance compared to analyst estimates are likely to instill investor confidence and could lead to a short-term positive impact on the stock price. The improvement over last year's losses and the beat on both top and bottom lines are key factors contributing to this assessment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100