Goldman Sachs Group Inc. Earnings Advance In Q2

Goldman Sachs Group Inc. (GS) announced a profit for its second quarter that advanced from last year.

The company’s bottom line totaled $2.35 billion, or $5.98 per share. This compares with $1.63 billion, or $3.95 per share, in last year’s second quarter.

Analysts had expected the company to earn $4.66 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 19.1% to $9.40 billion from $7.89 billion last year.

Goldman Sachs Group Inc. earnings at a glance:

-Earnings (Q2): $2.35 Bln. vs. $1.63 Bln. last year.
-EPS (Q2): $5.98 vs. $3.95 last year.
-Analysts Estimate: $4.66
-Revenue (Q2): $9.40 Bln vs. $7.89 Bln last year.

by RTTNews Staff Writer

Source: Read Full Article