Morgan Stanley Q3 GAAP EPS $1.38 Down From $1.47 YoY, Sales $13.27B Beat $12.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley reported Q3 earnings of $1.38 per share, down from $1.47 YoY. However, the company's quarterly sales of $13.27 billion beat the analyst consensus estimate of $12.58 billion by 5.51 percent, marking a 2.21 percent increase over sales of $12.99 billion the same period last year.
October 18, 2023 | 11:31 am
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Morgan Stanley's Q3 earnings per share decreased YoY, but its sales beat estimates and increased from the same period last year.
While Morgan Stanley's Q3 earnings per share decreased YoY, the company's sales beat estimates and increased from the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100