Goldman profit falls 2%
Goldman Sachs Group Inc's quarterly profit fell 2 per cent as weak bond-trading volumes hit revenue in the Wall Street bank's biggest business. The fifth-largest US bank by assets reported a third-quarter profit of $1.43 billion, or $2.88 per share. This compared with a profit of $1.46 billion, or $2.85 per share, a year earlier.
Verizon posts higher revenue
Verizon Communications Inc posted quarterly revenue slightly ahead of Wall Street expectations as it added customers to its wireless business. It reported a profit of $2.2 billion, or 78 cents per share, compared with $1.59 billion, or 56 cents per share, in the year-ago quarter. Revenue rose to $30.28 billion from $29.01 billion.
IBM Q3 revenue misses Street
IBM reported a 4 per cent drop in Q3 revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. IBM shares fell 6 per cent in after-hours trade to $175.56. Quarterly net income rose 6 per cent to $4.0 billion, or $3.99 a share on a non-GAAP basis from $3.62 a year earlier, according to Thomson Reuters.
GM's global sales rise 4.6%
General Motors Co's global sales rose 4.6 per cent in the first nine months of the year as strong third-quarter demand in the US and China helped offset declines in Europe and South America, the company said. The No. 1 US automaker had nine-month global sales of more than 7.25 million.
