Investing.com - Citigroup (NYSE:C) reported fourth quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.61 on revenue of $17.12B. Analysts polled by Investing.com expected EPS of $1.55 on revenue of $17.5B. That compared to EPS of $1.28 on revenue of $17.26B in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $18.39B in the previous quarter.
Citigroup shares lost 1.55% to trade at $55.81 in pre-market trade following the report.
Citigroup shares lost 1.55% to trade at $55.81 in pre-market trade following the report.
For the year, Citigroup shares are up 8.89%, outperforming the S&P 500 which is up 5.21% year to date.
Citigroup follows other major Financial sector earnings this month
On Wednesday, Saratoga Investment Corp reported third quarter EPS of $0.69 on revenue of $12.83M, compared to forecasts of EPS of $0.61 on revenue of $12.24M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar