Goldman Sachs Beats On Bottom Line, Misses on Top Line (GS)

Goldman Sachs GS reported earnings per share of $2.75/share, versus the consensus of $2.04/share, beating expectations. Revenue however missed expectations, coming in at $8.84 billion, versus the expectations of $8.99 billion. Diluted earnings per common share were $0.78, which includes the $600 million expense related to the U.K. bank payroll tax and the $550 million related to the SEC settlement. Goldman shares are currently trading lower at $141.54, down $4.14 in pre-market trading.