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published in Blogs
Apr 14, 2022
Goldman Sachs (GS, $321.00) crushes Q1 earnings expectations

Goldman Sachs (GS, $321.00) crushes Q1 earnings expectations

Goldman Sachs reported its first quarter earnings that beat analysts’ expectations.

The banking behemoth’s  earnings fell to $3.83 billion in the quarter, or $10.78 a share, from $6.71 billion, or $18.60 a share, in the year-ago quarter. However, it crushed analysts’ expectations of  $8.89 a share.

Revenue decreased to $12.93 billion  in the quarter, from $17.7 billion in the year-ago period. Analysts had expected $11.83 billion.

Revenue at Goldman’s fixed income desk was $4.72 billion, nearly $1.7 billion more than analysts surveyed by StreetAccount expected. Equities desks generated $3.15 billion in revenue, about $570 million more than expected.

 

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