AllianceBernstein posts 4Q profit

AllianceBernstein posts 4th-quarter profit of $73 million

NEW YORK (AP) _ AllianceBernstein Holding LP (AB) on Tuesday reported fourth-quarter profit of $73 million.

The New York-based company said it had profit of 77 cents per share. Earnings, adjusted for non-recurring gains, came to 67 cents per share.

The investment management company posted revenue of $786.3 million in the period. Its adjusted revenue was $662 million.

For the year, the company reported profit of $217.5 million, or $2.23 per share. Revenue was reported as $2.47 billion.

AllianceBernstein shares have climbed slightly more than 1 percent since the beginning of the year. The stock has risen 40 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AB at https://www.zacks.com/ap/AB

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Keywords: AllianceBernstein, Earnings Report

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