Goldman Sachs Group Inc. (GS) released a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $2.780 billion, or $8.40 per share. This compares with $1.882 billion, or $5.47 per share, in last year's third quarter.
Analysts on average had expected the company to earn $6.89 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.5% to $12.699 billion from $11.817 billion last year.
Goldman Sachs Group Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $2.780 Bln. vs. $1.882 Bln. last year.-EPS (Q3): $8.40 vs. $5.47 last year.-Revenue (Q3): $12.699 Bln vs. $11.817 Bln last year.
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