Alight Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Alight (NYSE:ALIT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$555.0m (down 32% from 3Q 2023).
• Net loss: US$44.0m (loss narrowed by 8.3% from 3Q 2023).
• 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

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Alight's balance sheet health.

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