Shares of Goldman Sachs declined in pre-market trading due to subprime mortgage problems which also affected rival Bear Stearns.
Q2 earnings however beat street estimates with net income of $2.33 billion, or $4.93 a share, up from $2.31 billion, or $4.78 a share, a year ago.
Wall Street analysts at Thomson Financial had expected $4.79 a share, on revenue of $10.16 billion.
The good news couldn’t sustain the gain from Wednesday’s trading session as worries in the mortgage sector (seen as a core part of Goldman Sach’s business model) increased. Although the quarter was good, it didn’t beat the best quarter GS has had of $6.67 a share in Q1 2007.
