>>> ALLIANCEBERNSTEIN BEATS BY $0.01, MISSES ON REVS

AllianceBernstein beats by $0.01, misses on revs (25.55)

Reports Q3 (Sep) earnings of $0.45 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.44; revenues rose 6.2% year/year to $750 mln vs the $758.45 mln consensus.

Total assets under management as of September 30, 2014 were $473.0, down $7.2 billion, or 1.5%, from June 30, 2014, and up $27.8 billion, or 6.2%, from September 30, 2013.
Net inflows to the Institutions channel were $2.8 billion, compared to net inflows of $6.8 billion in the second quarter of 2014.
Institutions gross sales of $5.8 billion compare to the prior quarter's $10.5 billion.