Morgan Stanley (MS) reported first-quarter net income applicable to company of $2.7 billion, or $1.45 per share, compared to net income of $1.9 billion, or $1.00 per share, a year ago. Earnings per share excluding intermittent net discrete tax provision/benefit was $1.45 compared to $1.01, last year. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.25 for the quarter. Analysts' estimates typically exclude special items.
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