AllianceBernstein Holding L.P. Announces Third Quarter Results

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Go back to AllianceBernstein Holding L.P. Announces Third Quarter Results

AllianceBernstein (AB) Tops Q3 EPS by 6c, Revenues Beat

October 24, 2018 6:50 AM EDT

AllianceBernstein (NYSE: AB) reported Q3 EPS of $0.68, $0.06 better than the analyst estimate of $0.62. Revenue for the quarter came in at $850.18 million versus the consensus estimate of $707.56 million.

"Results from this quarter reflect relentless execution of our long-term strategy." said Seth P. Bernstein, President and CEO of AllianceBernstein. "Our portfolio fee rate increased by nearly 2% year-on-year, thanks largely to continued growth in alternatives and active equities. Active net inflows of $2.5 billion in the... More