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  • AB Announces 1Q 2010 Results 0 comments
    May 3, 2010 4:34 PM | about stocks: AB
    AllianceBernstein Holding (NYSE:AB) has reported results for first quarter 2010.

    Earnings were $0.50 per unit, in line with analyst estimates of $0.50. However, the company reported Diluted Earnings of $0.46 per unit due to a one-time real estate sublease charge of $12 million (or $0.04 per unit).

    Net Income increased 302% YOY to $148 million from $37 million in first quarter 2009.

    Operating margins soared to 21.6% from 6.5% in first quarter 2009.

    AB announced a $0.46 distribution per unit payable on May 27, 2010 to unit holders of record as of May 13, 2010.

    The company maintains a postiive outlook for 2010.

    Disclosure: no position
    Stocks: AB
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