- AllianceBernstein (NYSE:AB) skids 3.1% after Q1 earnings per unit of 49 cents misses the average analyst estimate of 54 cents and compares with 64 cents in Q4 2018 and 73 cents a year ago.
- Average assets under management of $539.2B increased 1.3% from Q4's $532.5B but are down 3.2% from $557.1B a year ago.
- Q1 adjusted operating margin of 24.1% narrowed from 29.3% in Q4 and 30.1% in Q1 2018.
- Q1 net inflows of $1.1B vs. $0.8B inflows in Q4 and $2.4B of net outflows in the year-ago quarter.
- Institutional channel net outflows were $4.7B vs. net inflows of $1.0B in Q4, retail channel net inflows of $5.3B vs. inflows of $0.7B in Q4; private wealth channel net inflows were $0.5B vs. net outflows of $0.9B in Q4.
- Previously: AllianceBernstein misses by $0.05, beats on revenue (April 25)
AllianceBernstein -3.1% as Q1 operating margin narrows
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Symbol | Last Price | % Chg |
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AB | - | - |
AllianceBernstein Holding L.P. Limited Partnership Units |