September 18 2007: 8:15 AM EDT NEW YORK (CNNMoney.com) -- Embattled investment bank Lehman Brothers surprised Wall Street Tuesday reporting better-than-expected earnings. New York-based Lehman said its net income fell to $887 million, or $1.54 per a share during the third quarter ended Aug. 31, from $916 million, or $1.57 a share, a year earlier. But the reading was better than expected as analysts had forecast a steeper decline in profit to $1.47 a share, according to earnings tracker Thomson Financial. Net revenue climbed 3 percent to $4.3 billion, meeting expectations. Lehman (Charts, Fortune 500) shares gained 2.6 percent in pre-market trading on the news after falling about 1.5 percent on the New York Stock Exchange Monday.
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