AB - AllianceBernstein EPS beats by $0.03

AllianceBernstein (NYSE:AB): Q3 Non-GAAP EPS of $0.89 beats by $0.03; GAAP EPS of $0.89 beats by $0.01. Revenue of $1.09B (+21.1% Y/Y) Press Release "Net inflows were $7.2 billion, or 4% annualized organic growth. All three client channels posted net inflows, for the fourth time in the last five quarters, driven by strong organic growth in active equities (including ESG) and municipals. Investment performance strengthened, with 70% or more of fixed income and equity assets outperforming on a 1-, 3- and 5-year basis. On a year-over-year basis, our adjusted operating margin of 31.8% expanded by 210 basis points, and adjusted earnings per unit and distributions to Unitholders increased by 29%." said Seth P. Bernstein, President and CEO of AllianceBernstein

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AllianceBernstein EPS beats by $0.03