BUZZ-Alight rises on Q4 profit beat
ReutersFeb 20, 2025 7:04 PM
Shares of U.S. benefits services provider Alight ALIT.N jump over 4.4% to $6.98 in afternoon trading
Company reports adjusted profit of 24 cents per share, beating analysts' average estimate of 22 cents per share — data compiled by LSEG
Adj gross margin in the Employer Solutions segment expanded 60 bps to 44.1% for the quarter ended December 31
"Alight concluded a transformative year on a strong note, with fourth quarter results that met expectations and included recurring revenue expansion and strong cash flow," said Chief Executive Officer Dave Guilmette
7 of 8 brokerages rate the stock "buy" or higher, and 1 "hold"; their median PT is $11 — data compiled by LSEG
ALIT shares up nearly 1.1% YTD including session moves; stock fell ~19% in 2024
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