Alector: Q4 Earnings Snapshot

SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — Alector Inc. (ALEC) on Tuesday reported a loss of $41.4 million in its fourth quarter.

On a per-share basis, the South San Francisco, California-based company said it had a loss of 49 cents.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 80 cents per share.

The biotechnology company posted revenue of $15.2 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $8.4 million.

For the year, the company reported that its loss narrowed to $130.4 million, or $1.56 per share. Revenue was reported as $97.1 million.

Alector shares have decreased 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.01, a drop of 20% in the last 12 months.

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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