Investing.com - Alector (NASDAQ:ALEC) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Alector announced earnings per share of $-0.56 on revenue of $14.85M. Analysts polled by Investing.com anticipated EPS of $-0.48 on revenue of $32.68M.
Alector shares are down 48.09% from the beginning of the year, still down 67.30% from its 52 week high of $26.24 set on November 10, 2021.
Alector follows other major Healthcare sector earnings this month
Alector's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $5.79 on revenue of $80.89B, compared to forecasts EPS of $5.43 on revenue of $80.52B.
J&J had beat expectations on October 18 with third quarter EPS of $2.55 on revenue of $23.79B, compared to forecast for EPS of $2.52 on revenue of $23.46B.
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