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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Salt'n'Peppa who wrote (1789)	6/23/1999 9:30:00 AM
From: Dalin	Read Replies (1) of 10027

Goldman beats the street! Goldman tops estimates for Q2 -Good show Goldman Sachs. By Emily Church, CBS MarketWatch Last Update: 8:59 AM ET Jun 23, 1999 NewsWatch NEW YORK (CBS.MW) -- Goldman Sachs on Wednesday handily surpassed analysts estimates for its first-ever reporting period amid a 27-percent boost in trading gains over last year. Goldman (GS: news, msgs) posted earnings of $624 million or $1.30 per share on a pro forma basis. Analysts surveyed by First Call had anticipated earnings between 90 cents and $1.20 a share. Including charges related to the investment bank's conversion from a partnership, Goldman said earnings were $340 million or 71 cents a share. Goldman's stock ended down 1 1/2 to 68 on Tuesday ahead of the news, along with most of its banking and brokerage peers. See related story cbs.marketwatch.com.

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