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

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

Rating:AllianceBernstein's Earnings Fall 83 Percent Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 10, 2012

AllianceBernstein's Earnings Fall 83 Percent

News summary by MFWire's editors

AllianceBernstein [profile] suffered an 83 percent drop in earnings last quarter. Today the New York City-based asset manager and mutual fund firm revealed, in its fourth quarter earnings report, adjusted diluted net income of $0.07 per share, down from $0.30 in Q3 2011 and $0.40 in Q4 2010 [earnings call transcript]. According to Thomson Reuters, analysts expected $0.19 per share.

The Associated Press, Bloomberg, Pensions & Investments, Reuters, RTTNews, Wall St. Cheat Sheet and the Wall Street Journal all reported on AllianceBernstein's results.

"With ongoing investment underperformance in our largest equity services, we experienced further client redemptions, and ended 2011 with lower assets and a decline in revenue," stated Peter Kraus, chairman and CEO.

AllianceBernstein ended 2011 with $405.9 billion in assets under management, down 15.1 percent from December 31, 2010 but up one percent from September 30, 2011. Retail outflows in Q4 2011 slowed to $3.8 billion, from $4.4 billion in Q3 2011. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use