Goldman: 3Q Earnings Snapshot
Posted Oct 15, 2019 08:41:26 AM.
This article is more than 5 years old.
NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Tuesday reported third-quarter net income of $1.88 billion.
The company, based in New York, said it had earnings of $4.79 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.03 per share.
The investment bank posted revenue of $12.77 billion in the period. Its revenue net of interest expense was $8.32 billion, which also fell short of Street forecasts.
Goldman shares have risen 23% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 18%. The stock has dropped roughly 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at https://www.zacks.com/ap/GS
The Associated Press
