Stocks in the news: Goldman Sachs, Johnson & Johnson, General Motors

Filed under: Company News Goldman Sachs ( GS ) reported a larger-than-expected quarterly profit of $1.8 billion after the close on Monday. The bank earned $3.39 a share, more than double the $1.64 average of 16 analysts surveyed by Bloomberg News. It also announced plans to sell $5 billion in stock to help repay its $10 billion government loan. GS shares, which have gained 4.7 percent on Monday, declined about 2 percent in pre-market trade. Johnson & Johnson ( JNJ ) said its quarterly earnings fell , hurt by some generic competition and the strong dollar, but it still managed to

beat expectations due to lower costs. The diversified health-care company earned $3.51 billion, or $1.26 per share, in the first quarter. Analysts on average expected $1.22 per share, according to Reuters Estimates. J&J reaffirmed its 2009 profit forecast. JNJ shares were up 1.4 percent in pre-market trade. Continue reading Stocks in the news: Goldman Sachs, Johnson & Johnson, General Motors Stocks in the news: Goldman Sachs, Johnson & Johnson, General Motors originally appeared on Daily Finance on Tue, 14 Apr 2009 09:00:00 EST. Money.Finance|Finance|Finance

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Stocks in the news: Goldman Sachs, Johnson & Johnson, General Motors