Goldman Sachs (NYSE:GS) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Goldman Sachs announced earnings per share of $3.11 on revenue of $8.74B. Analysts polled by anticipated EPS of $3.75 on revenue of $8.47B. That with comparison to EPS of $5.71 on revenue of $8.81B in the same period a year before. Goldman Sachs had reported EPS of $4.69 on revenue of $9.96B in the previous quarter. Analysts are expecting EPS of $3.33 and revenue of $8.46B in the upcoming quarter.
Goldman Sachs shares are down 22% from the beginning of the year , still down 28.84% from its 52 week high of $250.46 set on January 17. They are under-performing the Dow 30 which is down 16.37% year to date.
Goldman Sachs follows other major Financial sector earnings this month
Goldman Sachs's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
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