AllianceBernstein Holding Q4 Profit Edges Up - Quick Facts

(RTTNews) - AllianceBernstein Holding L.P. (AB) reported that fourth-quarter equity in net income attributable to AllianceBernstein Unitholders was $58.11 million or $0.59 per unit, compared to $57.85 million or $0.62 per unit in the prior-year quarter.

Excluding items, adjusted net income per unit was $0.57, compared to last year's $0.60. On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

AllianceBernstein L.P said that net income attributable to AllianceBernstein Unitholders declined to $177.43 million from $182.50 million last year.

Net revenues grew 3 percent to $787 million from $766 million last year, and adjusted net revenues for the quarter increased 3 percent to $655 million from $636 million in the same quarter last year.

Four Wall Street analysts had a consensus revenue estimate of $748.21 million for the quarter.

The company said its cash distribution per unit of $0.57 is payable on March 12 to holders of record of AB Holding Units at the close of business on February 23, 2015.