AllianceBernstein Holding L.P. Announces First Quarter Results

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

AllianceBernstein (AB) Misses Q1 EPS by 5c, Revenues Beat

April 25, 2019 6:50 AM EDT

AllianceBernstein (NYSE: AB) reported Q1 EPS of $0.49, $0.05 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $795.46 million versus the consensus estimate of $677.62 million.

"Our first quarter results reflect continued underlying momentum in many areas of our business," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Total firmwide net inflows of $1.1 billion were positive for a third straight quarter and were driven by $2.2 billion of active net inflows, translating to a 2% active annualized... More