NEW YORK CITY (dpa-AFX) - Morgan Stanley (MS) reported earnings for first quarter that fell from last year.
The company's profit came in at $2.43 billion, or $1.39 per share. This compares with $2.67 billion, or $1.45 per share, in last year's first quarter.
Analysts had expected the company to earn $1.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.1% to $10.29 billion from $11.08 billion last year.
Morgan Stanley earnings at a glance:
-Earnings (Q1): $2.43 Bln. vs. $2.67 Bln. last year. -EPS (Q1): $1.39 vs. $1.45 last year. -Analysts Estimate: $1.16 -Revenue (Q1): $10.29 Bln vs. $11.08 Bln last year.
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