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Citigroup Inc. Bottom Line Retreats In Q2

Citigroup Inc. (C) announced a profit for second quarter that dropped from the same period last year.

The company's profit came in at $1.32 billion, or $0.50 per share. This compares with $4.80 billion, or $1.95 per share, in last year's second quarter.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $19.77 billion from $18.76 billion last year.

Citigroup Inc. earnings at a glance:

-Earnings (Q2): $1.32 Bln. vs. $4.80 Bln. last year.
-EPS (Q2): $0.50 vs. $1.95 last year.
-Analysts Estimate: $0.28
-Revenue (Q2): $19.77 Bln vs. $18.76 Bln last year.

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