Morgan Stanley Q2 EPS $1.24 Beats $1.15 Estimate, Sales $13.50B Beat $13.08B Estimate
Portfolio Pulse from Bill Haddad
Morgan Stanley reported Q2 earnings of $1.24 per share, beating the analyst consensus estimate of $1.15 by 7.83%. However, this is a 13.89% decrease from the same period last year. The company also reported quarterly sales of $13.50 billion, beating the estimate of $13.08 billion by 3.21%, marking a 2.80% increase from last year.
July 18, 2023 | 11:31 am
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NEUTRAL IMPACT
Morgan Stanley's Q2 earnings and sales beat estimates, but earnings decreased compared to last year. This mixed result could lead to uncertain market reactions.
Morgan Stanley's earnings beat estimates, which is generally positive for the stock. However, the decrease in earnings compared to the same period last year could be a concern for investors, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100