Alight’s (ALIT) Earnings Beat Hides A Shrinking Core, So What Gives?
Alight (NYSE:ALIT) reported Q2 revenue of $511 million, beating Wall Street expectations, with adjusted EBITDA of $92 million and free cash flow above estimates. However, recurring revenue fell 4.3% and adjusted EPS dropped to $0.91 from $2.09. Q3 guidance calls for $469 million to $479 million revenue and adjusted EBITDA of $55 million to $61 million.


