Goldman's stock gains as big profit beat helps offset revenue miss

Shares of Goldman Sachs Group Inc. GS, +2.47% gained 0.5% in premarket trade Monday, after the blue-chip bank reported first-quarter earnings that were well above expectations but revenue that missed, as the institutional clients services and investing and lending businesses fell short of expectations. Net income fell to $2.18 billion, or $5.71 a share, from $2.74 billion, or $6.95 a share, in the same period a year ago. The FactSet EPS consensus was $4.89. Total revenue declined to $8.

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1% up, 99% down. Typical.

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