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HomeUncategorizedGoldman Sachs Reports Its Largest Earnings Loss In A Decade

Goldman Sachs Reports Its Largest Earnings Loss In A Decade

Earnings: $3.32 per share vs. Refinitiv’s forecast of $5.48 Revenue: $10.59 billion vs. $10.83 billion
The bank reported that its quarterly profit fell 39% short of expectations to $1.33 billion, or $3.32 per share, from the same period a year earlier. According to Refinitiv statistics, that resulted in the biggest EPS shortfall since October 2011.

Better than expected, revenue came in at $10.59 billion, down 16% from the previous year.

In premarket trading, the bank’s shares in New York fell 2.8%.

., drag………………………………………………………………… “Revenues were generally in line with expectations, but earnings were severely hit.

Source (CNBC)

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