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Alector: 1Q Earnings Snapshot

Alector: 1Q Earnings Snapshot

Associated Press

SOUTH SAN FRANCISCO, Calif. (AP) _ Alector Inc. (ALEC) on Monday reported a loss of $18.6 million in its first quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of 42 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The biotechnology company posted revenue of $5.6 million in the period.

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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