In This Article:
Alight (NYSE:ALIT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$555.0m (down 32% from 3Q 2023).
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Net loss: US$44.0m (loss narrowed by 8.3% from 3Q 2023).
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US$0.08 loss per share (improved from US$0.097 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alight Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 17%.
Looking ahead, revenue is expected to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Professional Services industry in the US are expected to grow by 5.8%.
Performance of the American Professional Services industry.
The company's shares are up 12% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Alight's balance sheet.
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