Tuesday, September 16, 2008

Goldman Earnings Fall 70%

Goldman Sachs reported net income of $845 million, or $1.81 a share, for the quarter ended Aug. 29, down from $2.85 billion, or $6.13 a share, a year earlier.

Net revenue fell by half to $6.04 billion from $12.3 billion.

Goldman is down $ 6.54 to $128.50.

-EPJ Newsdesk

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