Morgan Stanley (NYSE: MS) reported a better-than-expected bottom and top line results for the second quarter of 2020. Adjusted EPS of $2.04 and revenue of $13.4 billion, both increased year-over-year and excelled the market’s estimates. Revenue increased 31% in the quarter, fueled by the strong growth in investment banking and trading revenues.
MS stock was trading up about 1% in the pre-market trading session.
“Our decade long business transformation was intended to provide stability during times of serious stress. The second quarter tested the model and we performed exceedingly well, delivering record results,” said CEO James Gorman.
Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours
Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street
Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended