AllianceBernstein Holding LP (AB) Releases Earnings Results, Misses Expectations By $-0.03 EPS

AllianceBernstein Holding LP (AB) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.44. The company posted revenue of $725.80 million in the period, compared to analysts expectations of $701.98 million. The company’s revenue was down -8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

AllianceBernstein Holding LP closed down -0.36 points or -1.48% at $23.93 with 3,49,044 shares getting traded on Thursday. Post opening the session at $24.56, the shares hit an intraday low of $23.75 and an intraday high of $24.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 9, 2016, Edward J Farrell (SVP and Controller) sold 5,000 shares at $23.61 per share price. According to the SEC, on May 23, 2016, Scott A Schoen (director) purchased 11,500 shares at $23.09 per share price. On May 11, 2016, Weston M Hicks (director) sold 10,842 shares at $23.36 per share price, according to the Form-4 filing with the securities and exchange commission.

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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