AB - AllianceBernstein EPS beats by $0.09

AllianceBernstein (NYSE:AB): Q2 Non-GAAP EPS of $0.91 beats by $0.09; GAAP EPS of $0.91 beats by $0.08. Revenue of $881.6M (+26.2% Y/Y) "We continue to drive consistent organic growth across our diversified global platform," said Seth P. Bernstein, President and CEO of AllianceBernstein (ACG). "Active net inflows were $6.7 billion, or 4% annualized organic growth, including both the final quarter of planned AXA redemptions and outflows from the Venerable transaction. Once again all three client channels grew, driven by double-digit annualized organic growth in active equities (including ESG), tax-aware passive equities, municipals, alternatives and multi-asset." Press Release

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AllianceBernstein EPS beats by $0.09