The asset manager reported $0.82 non-GAAP EPS and $887.55M revenue, missing estimates by $0.01 and $20.12M respectively.
AllianceBernstein posted second-quarter non-GAAP earnings per share of $0.82, missing estimates by $0.01. Revenue reached $887.55M, up 5.1% year-over-year but $20.12M below expectations.
The firm’s prior-year EPS stood at $0.78, while revenue grew from $844.5M in the same period last year. Analysts had anticipated stronger results amid market volatility and shifting investor sentiment.
A cash distribution of $0.82 per unit is scheduled for August 27, 2026, to holders of AB Holding Units.