UPDATE: Goldman Sachs Q1 Profit Rises 7.2%

Goldman Sachs Group

reported a 7.2% rise in its first-quarter profit. Goldman Sachs' quarterly profit surged to $2.26 billion, from $2.11 billion, in the year-ago period. Its earnings per share came in at $4.29 versus $3.92. Its net revenue rose 1.4% to $10.09 billion. However, analysts were expecting earnings of $3.88 per share on revenue of $9.72 billion. Goldman Sachs shares gained 0.77% to $147.59 in pre-market trading.