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AllianceBernstein: 1Q Earnings Snapshot

NEW YORK (AP) _ AllianceBernstein Holding LP (AB) on Thursday reported first-quarter net income of $46.5 million.

The New York-based company said it had net income of 49 cents per share.

The investment management company posted revenue of $795.5 million in the period. Its adjusted revenue was $657.9 million.

AllianceBernstein shares have risen nearly 10 percent since the beginning of the year. The stock has increased 14 percent in the last 12 months.


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