Citigroup Inc. ($C) Quarterly Profit Declines, Outshines Analysts View

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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.