Alector (ALEC) Reports Q1 Loss, Tops Revenue Estimates

Alector (ALEC) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of$ 0.48. This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.83%. A quarter ago, it was expected that this biotechnology company would post a loss of$ 0.80 per share when it actually produced a loss of $0.49, delivering a surprise of 38.75%.Over the last four quarters, the company has su ...