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Goldman Sachs dives after earnings miss (GS)

Published by Business Insider on Tue, 18 Apr 2017


Shares of Goldman Sachs are under pressure on Tuesday morning after the company reported disappointing first-quarter results, trading down 4% at $21.16per share as of 10:08 a.m. ET. Goldman earned an adjusted$5.15 a share on revenue of $8 billion, missing on both the top and bottom lines. Wall Street was expectingadjusted earnings of $5.33 a share on revenue of $8.32 billion, according to Bloomberg.Goldman is leading the losses in the Dow on Tuesday, and is now trading at its lowest level since November 30. The stock is still up more than 20% since President Donald Trump's election victory, rallying on Trump's promise of cutting taxes and rolling back regulations.Join the conversation about this storyNOW WATCH: Here's footage of the US military's new helicopter that'll cost as much as an F-35
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