AXA Equitable Holdings, Inc. (EQH) Tops Q3 EPS by 32c

AXA Equitable Holdings, Inc. (NYSE: EQH) reported Q3 EPS of $1.23, $0.32 better than the analyst estimate of $0.91. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $3.21 billion.

“We are pleased with another quarter of strong performance and Non-GAAP operating earnings growth,” said Mark Pearson, President and CEO of AXA Equitable Holdings. “All of our businesses delivered double-digit operating earnings growth, reflecting the resilience of our business and its ability to generate profitable results and return cash across market cycles. Our strong operating results were supported by solid new business development and growth in assets under management.”

Mr. Pearson continued, “During the quarter, the company returned $130 million to shareholders, including our first quarterly dividend. In addition, our Board of Directors has authorized increasing our share repurchase program by an additional $300 million. We are executing on our long-term strategic priorities, and we believe the strength of our business model, product offerings and balance sheet will enable us to continue to deliver value to our clients and shareholders.”

For earnings history and earnings-related data on AXA Equitable Holdings, Inc. (EQH) click here.

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