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Goldman’s Beats Estimates But Profit Falls
Goldman Sachs is having a difficult time in the recession.
January 19, 2012- Goldman’s used cost cutting measures to help them to a profit. It slashed costs from car services to officer’s compensation in order to deliver its shareholders a profit. By cutting costs, the company was able to report a profit of $978 million or $1.84 per share for the fourth quarter. That topped analysts’ estimates by $0.64 per share. Following the release of the earnings report, Goldman shares jumped by nearly...