Equitable Holdings’ earnings fall 22% in Q1, but remains strong in liquid assets
May 8, 2023 by Doug Bailey
Equitable Holdings Inc., the global diversified financial services company, said its operating earnings fell 22% in the first quarter of 2023 compared to the same period a year ago, with net income of $177 million versus $530 million a year ago.
The company said its assets under management also slipped a bit, down 8% to $864 billion. Quarterly earnings per share badly missed most Wall Street estimates, coming in at $0.96 per share, against consensus predictions of $1.19 per share.