NewzNEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Wednesday reported third-quarter profit of $4.91 billion. The New York-based company said it had earnings of $3.03 per share. The results exceeded Wall Street expectations.
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share. The investment bank posted revenue of $33.28 billion in the period. Its revenue net of interest expense was $20.34 billion, also surpassing Street forecasts.
Four analysts surveyed by Zacks expected $19.74 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS Source
(FAST) on Wednesday reported third-quarter profit of $401.6 million. The Winona, Minnesota-based company said it had net income of 35 cents per share. The results topped Wall Street expectations.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. The maker of industrial and construction fasteners posted revenue of $2.46 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.49 billion.
Access a Zacks stock report on FAST at https://www.zacks.com/ap/FAST Source
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