🔴 Alight is trading 11.8% down today as weak Q3 revenue guidance overshadows earnings beat

Alight is trading 11.8% down at $15.15 as investors react to disappointing Q3 revenue guidance that eclipsed a second-quarter earnings beat.

• Management forecast Q3 revenue between $469 million and $479 million, coming in significantly lower than the $502 million analysts expected.
• The weak outlook has prompted a sharp two-day reversal, overshadowing the fact that the company beat EPS estimates for the second quarter.
• Q2 revenue fell 3.2% year-over-year, contributing to the selling pressure as investors weigh the company's growth trajectory.