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Goldman, Lehman Bros Q1 earnings beat street estimates
2008-03-18 18:18:56 Source : moneycontrol.com
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Goldman Sachs earnings has beaten street estimates. It has reported profit after tax of USD 1.51 billion as against USD 3.2 billion, down 53%. Its Q1 net revenues stood at USD 8.34 billion. It has recorded net loss of USD 135 million on ICBC Investment.
Goldman Sachs says they will write-off USD 1 billion on Subprime.
Lehman Brothers has reported Q1 net profit of USD 489 million versus USD 1.15 billion. Revenues stood at USD 3.51 billion versus USD 5.05 billion.
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