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.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock