Alector (ALEC) Reports Q2 Loss, Tops Revenue Estimates
Alector reported a second-quarter loss of $0.21 per share, narrower than the Zacks Consensus Estimate of a $0.24 loss and an improvement over the $0.30 loss from the same period last year. The company also topped revenue estimates for the quarter.
Why it matters — ALEC watchers would note that the company beat earnings expectations and narrowed its year-over-year loss, a modest improvement in its financial performance.