The third quarter performance of Citigroup Inc. (NYSE: C) was unveiled to investors as the company released its earnings before the start of trading hours.
According to the quarterly report, the enterprise announced a income of $1.51 per share, which aligns with total revenues reaching $20.32 billion for the corresponding three-month period.
The performance outshined the market forecasted $1.31 profit per share considering the $19.84 billion in revenues.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.51 | -7.4% | 20.32 B | +0.9% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.52 | +14.3% | 20.14 B | +3.6% |
| Q1 2024 | $1.58 | -27.9% | 21.10 B | -1.6% |
| Q4 2023 | $0.84 | -27.6% | 17.44 B | -3.1% |
| Q3 2023 | $1.63 | +8.7% | 20.14 B | +8.8% |
| Q2 2023 | $1.33 | -39.3% | 19.44 B | -1.0% |
| *Growth on year-over-year basis | ||||
The revenues soared 0.87 percent, where as per share profit down 7.36 percent in contrast to the exact quarter of previous year.
Looking ahead, The firm has outlined revenue milestone that spans from $80 to $81.00 billion for financial year 2024. At the same time analysts on Wall Street expect along with revenues of $80.45 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| FY 2024 | REV | $80 B~$81 B | $80.45 B | 0.1% |
| *Based on mid-point | ||||
Citigroup (C) experienced a trading range of $65.65 to $66.43, along with a total volume of 14.68 million shares during the day. The stock concluded Monday's regular trading session at $66.01, reflecting an upturn of 0.41 percent.
