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Citigroup Inc. Bottom Line Advances 8% In Q3

Citigroup Inc. (C) revealed a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line came in at $4.13 billion, or $1.42 per share. This was up from $3.84 billion, or $1.24 per share, in last year's third quarter.

Analysts had expected the company to earn $1.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $18.17 billion. This was up from $17.76 billion last year.

Citigroup Inc. earnings at a glance:

-Earnings (Q3): $4.13 Bln. vs. $3.84 Bln. last year.
-Earnings Growth (Y-o-Y): 7.6%
-EPS (Q3): $1.42 vs. $1.24 last year.
-EPS Growth (Y-o-Y): 14.5%
-Analysts Estimate: $1.32
-Revenue (Q3): $18.17 Bln vs. $17.76 Bln last year.
-Revenue Change (Y-o-Y): 2.3%

by RTTNews Staff Writer

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