AllianceBernstein (AB): Q4 Earnings Surpass Estimates; EPS 96c, Revenue $957.3M

AllianceBernstein Holding LP (AB) reported fourth-quarter net income of $81.8 million, or 90 cents per share, with adjusted non-GAAP earnings of 96 cents per share. Revenue totaled $1.22 billion, with adjusted revenue of $957.3 million. Results surpassed the 94 cents-per-share average estimate of three Zacks analysts. For the year, the company posted profit of $299.8 million, or $2.97 per share, and revenue of $3.52 billion. AB shares rose 10% YTD and 8% over the past 12 months.