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AllianceBernstein Holding L.P. Q2 adjusted earnings Beat Estimates

AllianceBernstein Holding L.P. (AB) revealed a profit for its second quarter that increased from the same period last year.

The company's earnings came in at $90.92 million, or $0.91 per share. This compares with $56.93 million, or $0.59 per share, in last year's second quarter.

Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $90.68 million or $0.91 per share for the period.

Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.1% to $1.08 billion from $0.87 billion last year.

AllianceBernstein Holding L.P. earnings at a glance:

-Earnings (Q2): $90.68 Mln. vs. $59.46 Mln. last year.
-EPS (Q2): $0.91 vs. $0.61 last year.
-Analysts Estimate: $0.83
-Revenue (Q2): $1.08 Bln vs. $0.87 Bln last year.

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