Morgan Stanley Misses Estimates Dearly

Briefs in a BriefNew York, N.Y. ( – In an earnings statement that surprised analysts, Morgan Stanley Dean Witter announced this week it missed its third quarter estimates, and wishes like hell they would come back.

“We’re now looking at estimates for the fourth quarter, but I’d be lying if I said those Q3 estimates didn’t have a special place in our hearts,” said a Morgan Stanley spokesperson. “Maybe we’re being too sensitive, I mean, I know that a lot of companies miss their estimates, but damn, these were special.”

Wall Street analysts, too, said Morgan’s Q3 2000 estimates would be sorely missed. “We put a lot of effort into compiling our Morgan estimates for the third quarter, and to just have them go away like that, it’s tough to take,” said a visibly shaken Ben Franco of Salomon Smith Barney.

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