Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AllianceBernstein's Net Doubles, Beating Estimates Not Rated 4.0 Email Routing List Email & Route  Print Print
Friday, February 12, 2010

AllianceBernstein's Net Doubles, Beating Estimates

Reported by Neil Anderson, Managing Editor

AllianceBernstein is still suffering outflows, but things are looking brighter for the New York-based asset manager. On Thursday the firm revealed that its net income more than doubled year-over-year from $92 million in the fourth quarter of 2008 to $192 million in Q4 2009. Meanwhile, AllianceBernstein still suffered $16.8 billion in net outflows in Q4 2009, due mainly to institutional clients.

Peter Kraus
AllianceBernstein
Chairman and CEO
According to Reuters, that rise in net income led AllianceBernstein to beat analysts' estimates of its earnings per share for Q4 2009 by almost a dime. (Analysts predicted $0.53 per share, compared with the $0.62 per share actually reported.)

Meanwhile, AllianceBernstein's assets under management climbed year-over-year from $462 billion on December 31, 2008 to $495.5 billion on December 31, 2009. Yet the mutual fund firm's total AUM fell 3.23 percent in January 2010, even as the Dow fell 2.72 percent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use