GE (GE) and Morgan Stanley (MS) both reported earnings this morning. GE beat on the bottom line with earnings of 36-cents a share versus expectations for 35-cents. However, it missed on revenue which came in at $35.7-billion compared to a consensus figure of $35.955-billion. As for Morgan Stanley it beat on both earnings and revenues. Profits were 44-cents a share compared to estimates of 40-cents. Sales were $8.10-billion versus $7.70-billion.
Google (GOOG) reported after yesterday's closing bell. It beat on both the top and bottom lines with earnings of $10.74 a share versus estimates of $10.34. Revenues hit $14.89-billion, $100-million ahead of estimates.
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