Alector (ALEC) Reports Q3 Loss, Misses Revenue Estimates
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Alector (ALEC) reported a Q3 loss of $0.43 per share, which was better than the Zacks Consensus Estimate of a $0.53 loss. However, the company missed revenue estimates.
November 07, 2024 | 12:00 am
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Alector reported a Q3 loss of $0.43 per share, better than expected, but missed revenue estimates. This mixed result may lead to short-term stock price volatility.
Alector's better-than-expected EPS loss of $0.43 compared to the estimated $0.53 is a positive sign, but missing revenue estimates could offset this. Investors may react to the mixed results, causing short-term volatility in the stock price.
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