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Citigroup Inc. Q2 Profit Falls, but beats estimates

Citigroup Inc. (C) released earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $4.55 billion, or $2.19 per share. This compares with $6.19 billion, or $2.85 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $19.64 billion from $17.75 billion last year.

Citigroup Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $4.55 Bln. vs. $6.19 Bln. last year.
-EPS (Q2): $2.19 vs. $2.85 last year.
-Analyst Estimates: $1.68
-Revenue (Q2): $19.64 Bln vs. $17.75 Bln last year.

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