Alector: 4Q Earnings Snapshot

March 24, 2020 GMT

SOUTH SAN FRANCISCO, Calif. (AP) _ Alector Inc. (ALEC) on Tuesday reported a loss of $30.5 million in its fourth quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of 45 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.

The biotechnology company posted revenue of $6 million in the period.

For the year, the company reported that its loss widened to $108.4 million, or $1.71 per share. Revenue was reported as $21.2 million.

Alector shares have risen 42% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.40, an increase of 26% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALEC at https://www.zacks.com/ap/ALEC