AllianceBernstein Holding LP (NYSE: AB) reported financial and operating results for the quarter ended September 30, 2012. Swung to a loss in the third quarter on one-time charges, although stronger capital markets during the quarter helped the asset manager post a profit on a primary basis. Revenues and Earnings and beat expectations.
Company’s chairman and CEO, Peter S. Kraus reported that after hard market conditions in second quarter of fiscal 2012 global equity and fixed income inclinations turned more fortunate during the third quarter, and in return company’s performance improved.
AllianceBernstein Holding LP (NYSE:AB) traded with volume of 796,300 shares in last session which was unexpectedly higher versus average trading capacity of 278,181 shares. The stock traded with opening bell at $17.13, gained the maximum price level of $17.67 and then finished the day at $16.69 by scoring 7.19%.
AB remained successful in generating revenue of $-98.87 million in the trailing twelve months and made net income of $-124.42 billion.
As far as the returns from the company is concerned, return on assets remained as -7.23%.
The stock showed upbeat performance of 0.54% for the week which was maintained for the month at 7.47%. Likewise the positive performance for the trailing 3 months was recorded as 38.39% and in last year was 26.15% while the performance so far in current year remains at 33.41%.
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