AllianceBernstein: Fourth Quarter Earnings Overview
AllianceBernstein Reports Strong Fourth-Quarter Results
AllianceBernstein Holding LP, headquartered in Nashville, Tennessee, announced a net profit of $81.8 million for the fourth quarter.
The company’s earnings translated to 90 cents per share, with adjusted earnings—excluding one-time expenses—reaching 96 cents per share.
These figures surpassed analyst projections, as three experts polled by Zacks Investment Research had anticipated earnings of 94 cents per share.
During the quarter, AllianceBernstein generated $1.22 billion in revenue, with adjusted revenue totaling $957.3 million.
Looking at the full year, the firm reported a total profit of $299.8 million, or $2.97 per share, on revenue of $3.52 billion.
Since the start of the year, AllianceBernstein’s stock price has increased by 10%, and over the past year, shares have gained just over 8%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australia's Appen says being the Switzerland of AI boosts demand for its human testing
Alkermes Plunges as Bearish Signals Dominate
Oman’s Foreign Minister: Iran and US made ‘significant progress’ in talks
Silver Price Forecast: XAG/USD looks to build on modest gains above mid-$89.00s
