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 1c, Revenues Beat

October 22, 2020 6:22 AM EDT

AllianceBernstein (NYSE: AB) reported Q3 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $900.04 million versus the consensus estimate of $744.69 million.

"The firm delivered strong financial results in an improving, though still uncertain economic and market environment," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Earnings and cash distributions to Unitholders grew year-over-year and sequentially, and we generated net inflows in all three client channels. Active net inflows of $7.3 billion represented a 5% annualized organic growth rate, excluding... More