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Morgan Stanley earnings, revenue top expectations

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Morgan Stanley reported earnings Friday that topped analysts' expectations.


The financial services giant said earnings excluding items of 44 cents a share on revenue of $7.9 billion.


Analysts had expected Morgan Stanley to post earnings excluding items of 40 cents a share on $7.7 billion in revenue, according to a consensus estimate from Thomson Reuters.


Shares of Morgan Stanley moved higher in pre-market trading immediately following the report. (Click here to get the latest quote.)


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