Alliance Capital Management Holdings LP said Thursday that its fourth-quarter net income had skyrocketed 335.8% from a year earlier, to $233.2 million.
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Earnings per share of 82 cents beat the average of analysts' predictions by 12 cents and were 13 cents higher than in the year-earlier quarter. At that time Alliance took a charge to income of 54 cents a share for its settlement of state and federal allegations of mutual fund trading and legal costs.
The New York money management firm said its assets under management rose 12.9% last year, to $530 billion, including $8.3 billion in new assets.
