By Greg Morcroft
Morgan Stanley MS said on Thursday that it swung to a loss in its second quarter of $558 million, or 38 cents a share, compared to a profit of $1.58 billion, or $1.09 a share. Revenue at the firm in the second quarter was $9.28 billion compared to $7.96 billion a year ago. Analysts polled by FactSet Research had expected the company to lose 61 cents a share, on revenue of $8.04 billion.
No comments:
Post a Comment