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Morgan Stanley Reveals Decline In Q2 Earnings

Morgan Stanley (MS) reported earnings for second quarter that fell from last year.

The company's profit came in at $2.03 billion, or $1.23 per share. This compares with $2.27 billion, or $1.30 per share, in last year's second quarter.

Analysts had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.5% to $10.24 billion from $10.61 billion last year.

Morgan Stanley earnings at a glance:

-Earnings (Q2): $2.03 Bln. vs. $2.27 Bln. last year.
-EPS (Q2): $1.23 vs. $1.30 last year.
-Analysts Estimate: $1.14
-Revenue (Q2): $10.24 Bln vs. $10.61 Bln last year.

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