The Goldman Sachs Group, Inc. (NYSE: GS) Wednesday reported a sharp fall in first-quarter earnings even as revenues declined modestly. The asset management segment was hit hard by the COVID-19 outbreak, which impacted the outcome. While revenues exceeded the market’s prediction, earnings missed.
During the three-month period, net revenues dropped 1% from last year to $8.74 billion. Consequently, earnings fell sharply to $1.12 billion or $3.11 per share. Shares of Goldman Sachs closed the last trading session lower and continued to lose during Wednesday’s pre-market session.
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,
The fast-food industry is among the worst affected by the inflation-induced dip in consumer confidence, which is weighing on the demand for discretionary items. Domino’s Pizza, Inc. (NYSE: DPZ) is
Paychex Inc. (NASDAQ: PAYX) reported first quarter 2023 earnings results today. Total revenue rose 11% year-over-year to $1.20 billion. Net income grew 14% to $379.2 million, or $1.05 per share,