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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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AB">Zacks stock report on AB at https://www.zacks.com/ap/AB