AllianceBernstein Holding L.P. Earnings Decline 12% In Q4

(RTTNews) - AllianceBernstein Holding L.P. (AB) revealed a profit for fourth quarter that decreased from last year.

The company said its profit fell to $161.75 million, or $0.50 per share. This was down from $182.88 million, or $0.57 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $606.37 million. This was down from $654.93 million last year.

AllianceBernstein Holding L.P. earnings at a glance:

-Earnings (Q4): $161.75 Mln. vs. $182.88 Mln. last year. -Earnings Decline (Y-o-Y): -11.6% -EPS (Q4): $0.50 vs. $0.57 last year. -EPS Decline (Y-o-Y): -12.3% -Analysts Estimate: $0.48 -Revenue (Q4): $606.37 Mln vs. $654.93 Mln last year. -Revenue Change (Y-o-Y): -7.4%