alert goldman misses shares tumble, page-4

  1. 6,010 Posts.
    Goldman Sachs reported third-quarter earnings Tuesday of $1.81 a share ,sharply below Wall Street expectations.

    Goldman Sachs

    Goldman [GS 135.50 --- UNCH (0) ] shares fell 8 percent in premarket trading as financials continued their broad fall in the wake of the Lehman Brothers bankruptcy, the takeover of Merrill Lynch, and the perilous capital standing of American International Group.

    Analysts were looking for Goldman to post earnings of $6.13.

    Goldman also said its capital position was adequate to meet customer needs. Its revenue fell 36 percent to $6.04 billion.

    Stock index futures hit their session lows following the announcement.
    Copyright 2008 Reuters. Click for restrictions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.