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Goldman Drops 53%, Beats Analysts' Estimates

Giant brokerage writes off $2.1 billion, sees revenues fall 35%

By Jim O'Neill, Newser User

Posted Mar 18, 2008 7:54 AM CDT

(Newser) – Goldman Sachs today beat analysts' dire predictions even though it reported a 53% drop in first-quarter profits—the worst falloff since 1999—after a $2.1 billion writeoff, reports Bloomberg. Analysts had expected the Wall Street brokerage to see profits drop more than 60%. Goldman... Read full story »

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Goldman Drops 53%, Beats Analysts' Estimates

Giant brokerage writes off $2.1 billion, sees revenues fall 35%

Wall Street • Goldman Sachs • earnings reports • income • credit crisis • writedowns • financial crisis

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Goldman May See $2B Fourth Quarter Loss

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