26.10.2023 23:09:42 - dpa-AFX: AllianceBernstein Holding L.P. Q3 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - AllianceBernstein Holding L.P. (AB) released earnings
for third quarter that decreased from the same period last year but beat the
Street estimates.
The company's bottom line totaled $167.40 million, or $0.50 per share. This
compares with $175.18 million, or $0.56 per share, in last year's third quarter.
Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of
$74.07 million or $0.65 per share for the period.
Analysts on average had expected the company to earn $0.62 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 4.4% to $1.03 billion from $986.98
million last year.
AllianceBernstein Holding L.P. earnings at a glance (GAAP) :
-Earnings (Q3): $167.40 Mln. vs. $175.18 Mln. last year.
-EPS (Q3): $0.50 vs. $0.56 last year.
-Analyst Estimates: $0.62
-Revenue (Q3): $1.03 Bln vs. $986.98 Mln last year.
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