Equitable Holdings reports Q4 adjusted EPS $1.11, consensus $1.26

Reports Q4 revenue $1.9B, consensus $3.24B. "We delivered strong results despite turbulent markets this year. Full year Non-GAAP operating earnings were $5.08 per share, or $5.55 per share after adjusting for notable items, down 8% in the year. These results reflect equity markets down 20% and bond values down 13% partially offset by capital return. Managing what is within our control is important particularly in these markets; we have achieved our $180 million incremental general account investment income target one year ahead of schedule and realized net expense savings of $50 million," said Mark Pearson, President and Chief Executive Officer.