Goldman Sachs Clobbers Earnings Estimates

by devteam April 20th, 2010 | Share

Equity futures are pointing higher this morning after Goldman Sachs clobbered earnings expectations for the first quarter.

The controversial Wall Street titan posted quarterly revenue of $12.78 billion, a 36% increase from Q109 and against estimates of $11.07 billion. Earnings per share were $5.59 versus expectations of $4.01, reflecting a 91% advance from Q109.

“Our performance in the first quarter reflects more signs of growth across the economy and the strength of our client franchise,” said Lloyd Blankfein, chairman and CEO.

Dow futures are up 21 points to 11,065 and S&P 500 futures are up 5.00 points to 1,200.50. The 2 year Treasury note is -0-01 at 99-31 yielding 1.012% and the 10 year note is -0-05 at 98-13 yielding 3.821%. Meanwhile, WTI crude oil is $1.12 higher at $84.25 per barrel and Spot Gold is up $7.80 to $1,143.55.

Later today, Apple, J&J, and Coca Cola should each report their Q1 earnings.

Key Events Today:

No major economic data.

Treasury Auctions:rn

  • 11:30 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...