Morgan Stanley Earnings, Revenue Beat in Q3


© Reuters. Morgan Stanley Earnings, Revenue Beat in Q3

biedex.com – Morgan Stanley (NYSE:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Morgan Stanley announced earnings per share of $1.59 on revenue of $11.66B. Analysts polled by biedex.com anticipated EPS of $1.27 on revenue of $10.57B.

Morgan Stanley stock is flat from the beginning of the year, still down 12% from its 52 week high of $57.57 set on January 17. It’s under-performing the S&P Global (NYSE:) 100 which is up 7.4% from the start of the year.

Morgan Stanley shares gained 0.3% in pre-market trade following the report.

Morgan Stanley follows other major Financial sector earnings this month

Morgan Stanley’s report follows an earnings beat by UnitedHealth on Wednesday, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.09 on revenue of $63.77B.

JPMorgan had beat expectations on Tuesday with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting biedex.com’s earnings calendar

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