Alector (ALEC) Reports Q2 Loss, Tops Revenue Estimates

Alector (ALEC) came out with a quarterly loss of $0.3 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to a loss of $0.4 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +33.33%. A quarter ago, it was expected that this biotechnology company would post a loss of $0.44 per share when it actually produced a loss of $0.41, delivering a surprise of +6.82%.Over the last four quarters, the company has s ...