AllianceBernstein (NYSE: AB) reported Q3 EPS of $0.45, $0.01 better than the analyst estimate of $0.44. Revenue for the quarter came in at $750 million versus the consensus estimate of $725.13 million.

Assets Under Management ($ Billions)

Total assets under management as of September 30, 2014 were $473.0, down $7.2 billion, or 1.5%, from June 30, 2014, and up $27.8 billion, or 6.2%, from September 30, 2013.

Total net inflows were $2.8 billion compared to the prior quarter's net inflows of $8.3 billion and the prior-year period's net outflows of $4.8 billion.

Net inflows to the Institutions channel were $2.8 billion, compared to net inflows of $6.8 billion in the second quarter of 2014. Institutions gross sales of $5.8 billion compare to the prior quarter's $10.5 billion. The pipeline of awarded but unfunded Institutional mandates increased sequentially from $4.3 billion to $6.6 billion at September 30, 2014, as diverse new additions and revisions exceeded fundings during the quarter.

The Retail channel experienced third quarter 2014 net outflows of $0.1 billion, compared to the prior quarter's net inflows of $2.0 billion. Retail gross sales of $11.6 billion increased 2% sequentially from the second quarter's $11.4 billion, with the greatest improvement in the Asia ex Japan region.

In the Private Client channel, third quarter net inflows of $0.1 billion compare to net outflows of $0.5 billion in the previous quarter. Private Client gross sales decreased 18% sequentially to $1.4 billion from the prior quarter's $1.7 billion.

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