AllianceBernstein Holding Q4 Adj EPS $0.77 Beats $0.63 Estimate, Sales $1.09B Beat $857.83M Estimate
Portfolio Pulse from saritha@benzinga.com
AllianceBernstein Holding (AB) reported Q4 adjusted EPS of $0.77, surpassing the $0.63 estimate, and sales of $1.09B, exceeding the $857.83M estimate. This represents a 10% increase in earnings and a 10.18% increase in sales from the same period last year.
February 06, 2024 | 9:08 pm
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AllianceBernstein Holding reported a significant beat on both earnings and sales estimates for Q4, with a notable year-over-year growth.
Beating both earnings and sales estimates by a significant margin, especially with double-digit growth compared to the previous year, is likely to be viewed positively by investors. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100