AllianceBernstein Holding LP announced Monday that its second-quarter earnings declined 16% as investment losses during the quarter hampered the New York-based asset manager’s results.
The company, which is majority-owned by French insurer Axa SA., saw income fall to $32.3 million, or 31 cents per unit, from $38.3 million, or 41 cents per unit, a year earlier. The results missed analyst estimates by 13 cents, according to Thomson Reuters.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access