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Bad News Goldman Sachs ‘Underperforms’ Richard Drew / AP Photos

Goldman Sachs ‘Underperforms’

Goldman Sachs posted a disappointing second-quarter profit of $1.05 billion, or $1.85 per share—another sign of the company’s struggles to regain its footing in the post-financial-crisis world. The performance was below analysts’ expectations of $2.27 per share. Goldman’s chief financial officer, David Viniar, said, “I don’twant to sugarcoat it, we underperformed.” However, the performance was still better than the same period a year ago, when Goldman reported a profit of just $453 million.

July 19, 2011 12:11 PM