Citigroup Inc. (C) revealed earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $2.51 billion, or $1.16 per share. This compares with $3.17 billion, or $1.46 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.8% to $18.01 billion from $17.02 billion last year.
Citigroup Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $2.51 Bln. vs. $3.17 Bln. last year.
-EPS (Q4): $1.16 vs. $1.46 last year.
-Analyst Estimates: $1.14
-Revenue (Q4): $18.01 Bln vs. $17.02 Bln last year.
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