AllianceBernstein Holding L.P. (AB) released a profit for third quarter that retreated from last year.
The company said its bottom line dropped to $42.99 million, or $0.43 per share. This was lower than $44.54 million, or $0.45 per share, in last year's third quarter.
Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 0.0% to $626.19 million. This was down from $626.36 million last year.
AllianceBernstein Holding L.P. earnings at a glance:
-Earnings (Q3): $42.99 Mln. vs. $44.54 Mln. last year.
-Earnings Decline (Y-o-Y): -3.5%
-EPS (Q3): $0.43 vs. $0.45 last year.
-EPS Decline (Y-o-Y): -4.4%
-Analysts Estimate: $0.43
-Revenue (Q3): $626.19 Mln vs. $626.36 Mln last year.
-Revenue Change (Y-o-Y): 0.0%
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