Morgan Stanley (NYSE: MWD) today announced it currently expects its 2005 second quarter earnings per diluted share to be approximately 15 - 20% below second quarter earnings per diluted share in 2004 of $1.10. The results were primarily driven by the weakened market conditions that the company had previously announced. The company is still in the process of preparing second quarter financial statements and it is currently not anticipating a change in the Coleman litigation reserve.
The company will hold an analyst conference call today at 10:30 am (ET). Live audio of the conference call will be available on the Morgan Stanley website at www.morganstanley.com or by dialing 1-888-481-3045 (passcode 20488181) in the United States. International callers dial 1-617-786-1988 (passcode 20488181). A playback of the call will be available today at the same website address. To listen to the playback dial 1-888-286-8010 (passcode 94052075) within the United States or 1-617- 801-6888 (passcode 94052075) internationally.
This release contains forward-looking statements. These statements reflect managements beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. For a discussion of the risks and uncertainties that may affect the Companys future results, please see Forward-Looking Statements immediately preceding Part I, Item 1, Competition and Regulation in Part I, Item 1, and Certain Factors Affecting Results of Operations under Managements Discussion and Analysis 2 of Financial Condition and Results of Operations in Part II, Item 7 of the Companys Annual Report on Form 10-K for the fiscal year ended November 30, 2004 and Managements Discussion and Analysis of Financial Condition and Results of Operations in the Companys Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2005.
Morgan Stanley (NYSE: MWD) is a global financial services Firm and a market leader in securities, investment management, and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.
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