Some excerpts i found of imporance are pasted below:

Net income for the second quarter fell to $131 million, or 9 cents per diluted share, from $161 million, or 11 cents per diluted share, in the year-earlier quarter. Excluding one-time items, profit was $139 million, or 10 cents per share, down from $163 million, or 12 cents per share, a year ago.

and

Wall Street analysts, on average, were looking for profit excluding items of 10 cents per share and net revenue of $1.37 billion, according to Reuters Estimates.

Overall I wouldn't really call it bad as it came just below wall street estimates however on the other hand I do feel this is further cause for concern and will quite likely lead to a heated week ahead of us as we move into the August 1st AGM