MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 28, 2010 AllianceBernstein's Earnings Fall Less Than Expected AllianceBernstein [see profile] had a rough quarter, but not as rough as analysts expected. Yesterday the New York-based mutual fund firm reported diluted net income (excluding a real estate charge) of $0.44 per share, down from $0.48 in Q3 2009; Dow Jones reports that analysts expected AllianceBernstein to earn only $0.41 per share. The firm suffered $18.9 billion in net ouflows last quarter, the vast majority of which came from institutional clients. Yet its assets under management still grew six percent last quarter to $484 billion. Printed from: MFWire.com/story.asp?s=33853 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |