Tuesday, April 20, 2010

News Alert: Goldman's Revenue and Earnings Top Forecast

Breaking News Alert
The New York Times
Tue, April 20, 2010 -- 7:37 AM ET
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Goldman's Revenue and Earnings Top Forecast

Beset by charges of securities fraud, Goldman Sachs
nevertheless showed Tuesday that it was still very good at
what it does best: making money.

Earnings for the Wall Street giant rose 91 percent in the
quarter, to $3.46 billion or $5.59 a share in the first
quarter of 2010, while revenues increased 36 percent to
$12.78 billion.

Analysts surveyed by Bloomberg had expected revenue of $11.05
billion and earnings of $4.14 a share.

Once again, the bank's bond, commodities and currency trading
bolstered the results.

Read More:
http://www.nytimes.com/2010/04/21/business/21goldman.html?emc=na

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