UPDATE: Goldman Sachs Reports Downbeat Q2 Profit; Shares Down In Pre-Market

Goldman Sachs Group Inc GS reported downbeat profit for the second quarter. GS reported its quarterly profit at $1.09 billion, or $1.87 per share, up from $613 million, or $0.78 per share, in the year-ago period. The company's net revenue came in at $7.28 billion, including interest income, compared with $8.84 billion, in the year-ago period. Analysts were expecting earnings of $2.35 per share on revenue of $8.19 billion. GS shares dropped 3.46% to $124.85 in pre-market trading.