Citigroup Inc. Reveals Retreat In Q3 Profit, but beats estimates

Citigroup Inc. (C) revealed earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $3.48 billion, or $1.63 per share. This compares with $4.64 billion, or $2.15 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $18.51 billion from $17.45 billion last year.

Citigroup Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $3.48 Bln. vs. $4.64 Bln. last year.
-EPS (Q3): $1.63 vs. $2.15 last year.
-Analyst Estimates: $1.42
-Revenue (Q3): $18.51 Bln vs. $17.45 Bln last year.

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