AllianceBernstein Holding Q2 EPS $0.61 Misses $0.65 Estimate, Sales $1.01B Beat $843.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
AllianceBernstein Holding (NYSE:AB) reported Q2 earnings of $0.61 per share, missing the analyst consensus estimate of $0.65 by 6.15%. This is a 14.08% decrease from the same period last year. However, the company reported quarterly sales of $1.01 billion, beating the analyst consensus estimate of $843.44 million by 19.51%, a 3.76% increase from last year.
July 27, 2023 | 8:24 pm
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NEUTRAL IMPACT
AllianceBernstein's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
AllianceBernstein's earnings miss could negatively impact the stock price. However, the sales beat could offset this negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100