Alight rises on Q4 profit beat

Alight

20/02/2025 19:04

** 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

 (Reporting by Ateev Bhandari in Bengaluru)
 ((Ateev.Bhandari@thomsonreuters.com))