AllianceBernstein: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 05:48 PM ET
Last Updated - Jun 22, 2023, 03:18 AM EDT
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — AllianceBernstein Holding LP (AB) on Wednesday reported first-quarter net income of $67.4 million.
The Nashville, Tennessee-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring costs, were 66 cents per share.
The investment management company posted revenue of $1.02 billion in the period. Its adjusted revenue was $832.6 million.
AllianceBernstein shares have dropped nearly 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.10, a decrease of 13% in the last 12 months.
