(Reuters) - The world's largest investment bank by profit and market value said net earnings rose to $2.33 billion, or $4.93 a share, in the second quarter ended on May 25, from $2.29 billion, or $4.78 a share, a year earlier.
While earnings were about 4 percent higher than the analysts' average estimate of $4.76 a share, the results paled in comparison with the double-digit growth of previous periods. Indeed some analysts said earnings would have been lower if not for lower compensation and tax rates, and Goldman shares fell nearly 3 percent.
Read more at Reuters.com Bonds News
While earnings were about 4 percent higher than the analysts' average estimate of $4.76 a share, the results paled in comparison with the double-digit growth of previous periods. Indeed some analysts said earnings would have been lower if not for lower compensation and tax rates, and Goldman shares fell nearly 3 percent.
Read more at Reuters.com Bonds News
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