AllianceBernstein: 4Q Earnings Snapshot

NEW YORK (AP) _ AllianceBernstein Holding LP (AB) on Wednesday reported fourth-quarter profit of $60 million.

The New York-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, came to 64 cents per share.

The investment management company posted revenue of $804.7 million in the period. Its adjusted revenue was $696.4 million.

For the year, the company reported profit of $242.8 million, or $2.50 per share. Revenue was reported as $2.93 billion.

AllianceBernstein shares have climbed 14 percent since the beginning of the year. The stock has climbed 23 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