Goldman's First-Quarter Earnings Fall Vs. Year-Ago but Top Views

Goldman Sachs (GS Quote) reported first-quarter profits Tuesday, sharply lower than what it earned in the year-ago period.

The broker said it earned 98 cents a share against the $1.40 it made in the first quarter last year. Analysts had expected it to earn 89 cents a share, according to Thomson Financial/First Call. (The difficulty of predicting broker earnings almost always leaves analyst estimates far off the mark.) Revenue fell 24% from $4.7 billion to $3.6 billion. ...