earnings
confidence high
sentiment negative
materiality 0.75
AllianceBernstein Q1 2023 adjusted EPU $0.66, down 27% YoY; net inflows $0.8B
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP diluted EPU $0.59; adjusted diluted EPU $0.66, down 26.7% YoY; cash distribution $0.66/unit.
- Net revenues $1.02B GAAP (-7.4% YoY); adjusted net revenues $832.6M (-7.9%).
- Adjusted operating income $224.8M (-21.1%); adjusted margin 27.0% vs 31.5% a year ago.
- Net inflows $0.8B; ending AUM $675.9B (-8.1% YoY); institutional pipeline $13.1B.