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

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

AllianceBernstein Holding L.P. Announces First Quarter Results

April 25, 2019 6:47 AM EDT

NEW YORK, April 25, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter ended March 31, 2019.

"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 organic growth... More