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.
Biogen (NASDAQ: BIIB) reported third-quarter 2021 financial results before the regular market hours on Wednesday. The company reported Q3 revenue of $2.78 billion, down 18% year-over-year and higher than the
Verizon (NYSE: VZ) reported Third-quarter 2021 financial results before the regular trading hours on Wednesday. The telecommunications giant reported Q3 revenue of $32.9 billion, up 4.3% year-over-year and above the
Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to