earnings
confidence high
sentiment positive
materiality 0.75
AllianceBernstein Q3 adjusted EPU $0.86, up 12% YoY; distribution raised to $0.86
ALLIANCEBERNSTEIN HOLDING L.P.
- GAAP EPU $0.79, adjusted EPU $0.86; cash distribution $0.86 per unit (+12% YoY).
- Adjusted net revenues $884.7M (+4.7% YoY); adjusted operating income $302.4M (+14.5%).
- Adjusted operating margin 34.2%, up 290 bps YoY; average AUM $840.8B (+7% YoY).
- Ex-equitable reinsurance, net inflows $1.7B; tax-exempt inflows $4.1B, private markets AUM near $80B.
- Active equities outflows $6.4B, taxable fixed income outflows $4.2B (largely episodic).