AllianceBernstein Holding L.P. Q1 adjusted earnings Beat Estimates

AllianceBernstein Holding L.P. (AB) revealed a profit for its first quarter that increased from last year.

The company's earnings totaled $244.13 million, or $0.81 per share. This compares with $194.32 million, or $0.63 per share, in last year's first quarter.

Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $80.82 million or $0.81 per share for the period.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $1.01 billion from $0.87 billion last year.

AllianceBernstein Holding L.P. earnings at a glance:

-Earnings (Q1): $80.82 Mln. vs. $62.60 Mln. last year.
-EPS (Q1): $0.81 vs. $0.64 last year.
-Analysts Estimate: $0.75
-Revenue (Q1): $1.01 Bln vs. $0.87 Bln last year.

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