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.
Snap Inc. (NYSE: SNAP) reported second quarter 2021 earnings results today. Revenues increased 116% year-over-year to $982 million. Net loss amounted to $151.6 million, or $0.10 per share, compared to
Microblogging platform Twitter, Inc. (NYSE: TWTR) Thursday reported a profit for the second quarter of fiscal 2021, compared to a loss last year. Both earnings and revenue came in above
Intel Corporation (NASDAQ: INTC) Thursday reported financial results for the second quarter of 2021. The revenue was reported at $19.6 billion compared to $19.7 billion in the previous year's second