Goldman Sachs Sails Past Lowered Estimates (GS)

Goldman Sachs (NYSE: GS) has just posted earnings, and while many metrics are lower than last year the results overall were well above estimates that had been lowered in a weakening environment. The company earned $1.51 Billion on $8.34 Billion in revenues. On an EPS basis it posted $3.23. First Call had earnings estimates at $2.58 EPS and $7,47 Billion in revenues. Its annualized return on average tangible common shareholders' equity (1) was 17.0% and annualized return on average common shareholders' equity was 14.8% for the first quarter of 2008. Individual unit numbers were as follows: Fixed Income, Currency and...