Earnings Updates, FLASH Headline Alerts

Earnings Update: Goldman Sachs Beats on Top and Bottom Lines

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Earnings Update: Goldman Sachs (NYSE: GS)

Goldman Sachs reported Q1 earnings per share of $5.94, which was well above the FactSet estimate for $4.26.

Revenues for the quarter were reported at $10.62 billion, which was also above the estimate of $9.35 billion.

“We are pleased with our results this quarter and the fact that all of our major businesses contributed,” said Lloyd C. Blankfein, Chairman and CEO. “Given more normalized markets and higher levels of client activity, we remain encouraged about the prospects for continued growth.”

The company also announced an increase to its quarterly dividend to $0.65 per share, payable 29-Jun to shareholders of record as of 1-Jun.

Shares of GS last traded at $203.01, which is above from the last closing price of $201.10.


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About the Author

David Moenning is the Chief Investment Officer at Sowell Management Services. Dave began his investment career in 1980 and has been an independent money manager since 1987. Thus, Dave has been live on the firing line and investing for a living for more than 29 years.