AllianceBernstein Holding L.P. (AB) has reported its second-quarter earnings, showcasing a notable increase from the previous year and surpassing analysts' expectations.
The reported earnings were $309.572 million, or $0.99 per share, compared to $175.737 million, or $0.53 per share, in the second quarter of the prior year.
On an adjusted basis, which excludes special items, AllianceBernstein posted earnings of $0.71 per share for the quarter.
According to Thomson Reuters, analysts had anticipated earnings to be around $0.66 per share, excluding special items.
Revenue for the quarter saw a 1.9% uptick, rising to $1.027 billion from $1.008 billion in the same period last year.
Summary of AllianceBernstein Holding L.P. Earnings (GAAP):
- **Earnings (Q2):** $309.572 million vs. $175.737 million in the previous year.
- **EPS (Q2):** $0.99 vs. $0.53 last year.
- **Revenue (Q2):** $1.027 billion vs. $1.008 billion in the previous year.
