Goldman Sachs beats estimates
Source: Agencies |
October 17, 2012, Wednesday
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Print Edition
Print Edition
Goldman Sachs easily beat analysts' estimates for earnings and revenue in the third quarter, bouncing back from a loss in the same period a year ago. The company also said yesterday that it would raise its dividend.
Net income for common shareholders was US$1.5 billion, or US$2.85 per share. Analysts had been predicting US$2.19 per share, according to FactSet. Revenue also beat estimates, breezing past the US$7.2 billion forecast by analysts and more than doubling to US$8.4 billion from US$3.6 billion a year earlier.
The investment bank enjoyed big jumps in revenue from underwriting stock and bond offerings, a tentative sign that companies are more willing to take risks like going public.
Net income for common shareholders was US$1.5 billion, or US$2.85 per share. Analysts had been predicting US$2.19 per share, according to FactSet. Revenue also beat estimates, breezing past the US$7.2 billion forecast by analysts and more than doubling to US$8.4 billion from US$3.6 billion a year earlier.
The investment bank enjoyed big jumps in revenue from underwriting stock and bond offerings, a tentative sign that companies are more willing to take risks like going public.
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