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Goldman Sachs earns $1.74B, easily tops forecasts

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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-10 08:08 AM
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Goldman Sachs earns $1.74B, easily tops forecasts
NEW YORK (AP) -- Goldman Sachs easily beat analysts' forecasts with its third-quarter earnings report.

Goldman Sachs Group Inc. said Monday that earnings available to common shareholders were $1.74 billion, or $2.98 per share, during the quarter.

That's below the $3.03 billion, or $5.25 per share, it earned during the third quarter last year, but much higher than the $2.32 per share analysts had predicted.

Investment banking revenue jumped 24 percent because of an increase in underwriting debt offerings.

The bond, currency and commodities trading busines at Goldman saw a 36 percent drop in revenue compared with the same quarter last year.

http://finance.yahoo.com/news/Goldman-Sachs-earns-174B-apf-2456885845.html?x=0
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Cassandra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-10 08:15 AM
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1. Earns?
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