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.
Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism
Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has
Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were