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Update: Alight Shares Jump After Q3 Adjusted Earnings, Revenue Beat Consensus
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Update: Alight Shares Jump After Q3 Adjusted Earnings, Revenue Beat Consensus
Nov 12, 2024 8:59 PM

01:56 PM EST, 11/12/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph.)

Alight (ALIT) shares were up 14% in recent trading Tuesday after the company posted Q3 adjusted earnings and revenue ahead of consensus.

The company reported Q3 adjusted earnings of $0.09 per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $0.08.

Revenue for the quarter ended Sept. 30 was $555 million, down from $557 million a year earlier.

Analysts surveyed by Capital IQ expected $538.3 million.

For Q4, the company expects adjusted diluted EPS of $0.22 to $0.27 on revenue of $665 million to $685 million. Analysts polled by Capital IQ expect normalized EPS of $0.22 on revenue of $678.4 million.

Price: 8.51, Change: +1.05, Percent Change: +14.01

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