AllianceBernstein Holding L.P. Q4 adjusted earnings Inline With Estimates

(RTTNews) - AllianceBernstein Holding L.P. (AB) announced a profit for fourth quarter that decreased from the same period last year.

The company's earnings came in at $188.05 million, or $0.63 per share. This compares with $246.41 million, or $0.84 per share, in last year's fourth quarter.

Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $60.95 million or $0.64 per share for the period.

Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.5% to $804.66 million from $919.14 million last year.

AllianceBernstein Holding L.P. earnings at a glance:

-Earnings (Q4): $60.95 Mln. vs. $78.20 Mln. last year. -EPS (Q4): $0.64 vs. $0.84 last year. -Analysts Estimate: $0.64 -Revenue (Q4): $804.66 Mln vs. $919.14 Mln last year.