Cloud-based technology company sees positive growth
- Alight shares rise 12% after raising FY23 adjusted profit outlook
- Stock price reaches $7.45 in afternoon trading
- Adjusted earnings expected to be 65-69 cents per share in 2023
- Revenue guidance remains at $3.47 billion to $3.51 billion for the year
- Over 95% of projected revenue for the year already under contract
- Third-quarter loss of $48 million, but adjusted profit of 14 cents per share
Shares of Alight rose 12% after the company raised its outlook for full-year adjusted profit. The stock reached $7.45 in afternoon trading. Alight now expects adjusted earnings of 65-69 cents per share in 2023, compared to prior guidance of 62-67 cents per share. The company reaffirmed its revenue guidance for the year at $3.47 billion to $3.51 billion. Over 95% of the projected revenue for the year is already under contract. In the third quarter, Alight posted a loss of $48 million, but after adjusting for certain one-time items, the company recorded a profit of 14 cents per share, surpassing analyst expectations.
Factuality Level: 8
Factuality Justification: The article provides specific information about Alight’s raised outlook for full-year adjusted profit, its stock performance, and its financial results. The information is supported by facts and includes analyst expectations. There are no digressions, irrelevant information, or biased perspectives. The article is concise and provides accurate and objective information.
Noise Level: 4
Noise Justification: The article provides information about Alight’s raised outlook for full-year adjusted profit, its stock performance, and its financial results. However, it lacks in-depth analysis, evidence, or actionable insights. It mainly focuses on the company’s financial figures and analyst expectations without exploring the consequences or long-term trends. The article stays on topic and does not dive into unrelated territories, but it lacks scientific rigor and intellectual honesty. Overall, the article contains some relevant information but lacks depth and analysis, resulting in a moderate noise level.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Alight
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Alight, a cloud-based technology and consulting company. It provides information on the company’s raised outlook for full-year adjusted profit and its third-quarter financial results. There is no mention of an extreme event or its impact.
Public Companies: Alight (N/A)
Key People:
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