Goldman Sachs (NYSE:GS) reported fiscal Q1 earnings of .3 billion with its trading business again outperforming the rest of the financial industry. The better-than-anticipated earnings comes as a welcomed relief as the investment bank struggles to maintain its respected name in the wake of an SEC fraud case.
Goldman reported its quarterly EPS came in at .59, blowing past consensus estimates of .01.
Revenues in the quarter surged 35.5% year-over-year to .78 billion, vs. consensus estimates of .2 billion.
The company said it set aside 43% of revenue in order to pay expenses from employee salaries and bonuses, down from 50% for the same period last year.
“In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people,” said the bank’s CEO Lloyd Blankfein.
Honda restates earnings after airbag recall costs increase
TOKYO (Reuters) — Honda Motor Co. restated its financial results for the fiscal year ended in March, to account for additional costs to cover an expanded recall of cars equipped with Takata Corp. airbags. The automaker said today it revised its … Read more on Automotive News
Honda Setting Aside Another 3M for Recall
Honda's accounting move follows the decision of air bag supplier Takata Corp. last month to double the size of the air bag inflator recall to a record 33.8 million. Honda, Takata's largest customer, has so far recalled about 20 million inflators worldwide. Read more on CFO
2016 Honda Pilot: Dragged Down By Sibling?
So what does the Acura MDX recall have anything to do with the Honda Pilot. Well, since the Honda Pilot is build based on the Acura MDX, everybody assumed that the issue that has been affecting the Acura MDX will also appear on the Honda Pilot as well. Read more on NSEAVoice.com
Gilead released its first quarter earnings and the pharmaceuticals company did not disappoint. However, there is a lot more behind the numbers, especially with their 000-a-bottle Sovaldi… Video Rating: 5 / 5
Stakes high for coming earnings season
Dow sinks 272 points and investors look for assurances in third-quarter earnings reports. IMF warns … While economies can be weak and companies remain masterful in generating the profits investors want to see, the risk during earnings-reporting … Read more on Chicago Tribune
Morgan Stanley Stock-Valuation Call at Odds With Goldman Sachs
Some investors may have grown more comfortable with the outlook for the economy and profit growth and are confident stocks are a good buy even if they aren't cheap. In this recent increase, low returns on fixed-income investments also made equities … Read more on Bloomberg
Unipetrol Swings to Profit in Third Quarter on Economy
Unipetrol AS returned to profit in the third quarter as the largest Czech refiner benefited from an improving economy and warned that squeezed margins may hurt results in the next three months. The Prague-based company, majority-owned by PKN Orlen SA, … Read more on Bloomberg
PDI, Inc. (PDII) news: PDI Management Discusses Q4 2013 Results – Earnings …
However, as I mentioned earlier, the total value of RFPs put out by the biopharmaceutical industry was down in 2013, and we believe this figure will be lumpy given the continued unpredictability of drug approvals from the FDA, continued modest industry … Read more on Seeking Alpha
Arena Pharmaceuticals, Inc. (ARNA) news: Arena Pharmaceuticals' CEO …
During this broadcast, we will make forward-looking and other statements about our goals, plans, expectations, and future activities and events, including statements about BELVIQ and our drug candidates, including with regards to efficacy, safety, R&D … Read more on Seeking Alpha
Merrimack Pharmaceuticals Inc (MACK) news: Merrimack Pharmaceuticals' CEO …
We have developed a leading position in two drug technologies, multi-specific human antibody and third generation nanotechnology that is engineered to improve the tumor specific accumulation and the duration of exposure of broad classes of therapeutic … Read more on Seeking Alpha
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