Stocks Trade Lower as Goldman Sachs Slides After Missing Earnings Forecasts - InvestingChannel

Stocks Trade Lower as Goldman Sachs Slides After Missing Earnings Forecasts

“Goldman Sachs reported first-quarter profit and revenue that came in below Wall Street’s expectations. The stock declined 3.6%, the drag taking about 50 points off the Dow. A decline in stock trading revenue hurt the bank as it reported earnings of $5.15 a share on revenue of $8.03 billion. Analysts expected the company to report earnings of $5.31 a share on revenue of $8.45 billion.”