AllianceBernstein Holding LP (AB) Releases Earnings Results, Misses Expectations By $-0.02 EPS

AllianceBernstein Holding LP (AB) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.40 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.42. The company posted revenue of $590.10 million in the period, compared to analysts expectations of $719.26 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on AllianceBernstein Holding LP. AllianceBernstein Holding LP was Upgraded by BofA/Merrill to ” Buy” on Mar 15, 2016.

AllianceBernstein Holding LP opened for trading at $24.27 and hit $24.56 on the upside on Wednesday, eventually ending the session at $24.47, with a gain of 0.78% or 0.19 points. The heightened volatility saw the trading volume jump to 1,77,201 shares. Company has a market cap of $2,446 M.

In a different news, on Jun 17, 2015, Edward J Farrell (SVP and Controller) sold 5,000 shares at $31.10 per share price.

AllianceBernstein Holding L.P. (AB Holding) is engaged in providing research investment management and related services to a range of clients. The Company’s principal services include institutional services retail services private wealth management services and Bernstein research services. AB Holding owns 36.9% of limited partnership interest in AllianceBernstein L.P. (AB). Its investment services include actively managed equity strategies with global and regional portfolios across capitalization ranges and investment strategies; actively managed traditional and unconstrained fixed income strategies; passive management including index and enhanced index strategies; alternative investments including hedge funds fund of funds and private equity (direct real estate investing) and multi-asset services and solutions. Its institutions and retail businesses are referred to as AB and private wealth management and Bernstein Research Services are referred to as AB Bernstein.

AllianceBernstein Holding LP

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