Alector (NASDAQ:ALEC) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.35) by 40 percent. This is a 48.78 percent increase over losses of $(0.41) per share from the same period last year. The company reported quarterly sales of $1.046 million which missed the analyst consensus estimate of $6.207 million by 83.15 percent. This is a 71.53 percent decrease over sales of $3.674 million the same period last year.