earnings
confidence high
sentiment positive
materiality 0.75
AllianceBernstein Q3 GAAP EPU $1.12, adjusted $0.77; AUM reaches $805.9B
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP diluted EPU of $1.12 vs $0.50 YoY; adjusted diluted EPU of $0.77 vs $0.65 YoY.
- Adjusted operating margin 31.3% expanded 330 bps YoY; net revenues $1.085B up 5.2%.
- Active net inflows of $2.2B; nearly $20B in Active Fixed Income inflows YTD.
- Ending AUM $805.9B, up 20.5% YoY; average AUM $785.9B up 14%.
- Cash distribution raised to $0.77 per unit, up 18.5% from $0.65.