Goldman Sachs Group Inc (GS) stock was up following the release of its Q1 2016 earnings report.
Goldman Sachs reported earnings per share of $2.68 during Q1 2016. This is down from the $5.94 it reported during the same time last year. However, it did surpass the $2.45 that analysts were expecting from it.
Goldman Sachs’ revenue for the first quarter of 2016 was $6.34 billion. This is a drop from the $10.62 billion it reported in Q1 2015. It also failed to meet Wall Street’s expectations of $6.73 billion for the quarter.
““The operating environment this quarter presented a broad range of challenges, resulting in headwinds across virtually every one of our businesses,” Lloyd Blankfein, Chairman and CEO of Goldman Sachs, said in a statement.
GS shares were up 1% as of Tuesday morning.
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