Citigroup Earnings Miss, Revenue Beats In Q1

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© Reuters.  Citigroup Earnings Miss, Revenue Beats In Q1 © Reuters. Citigroup Earnings Miss, Revenue Beats In Q1

Investing.com – Citigroup (NYSE:) reported on Wednesday first quarter that missed analysts’ forecasts and revenue that topped expectations.

Citigroup announced earnings per share of $ 1.05 on revenue of $ 20.73B. Analysts polled by Investing.com anticipated EPS of $ 1.59 on revenue of $ 19B. That with comparison to EPS of $ 1.87 on revenue of $ 18.58B in the same period a year before. Citigroup had reported EPS of $ 2.15 on revenue of $ 18.38B in the previous quarter. Analysts are expecting EPS of $ 1.47 and revenue of $ 18.17B in the upcoming quarter.

Citigroup shares are down 43% from the beginning of the year , still down 45.35% from its 52 week high of $ 83.11 set on January 14. They are under-performing the which is down 12.29% year to date.

Citigroup shares lost 3.13% in pre-market trade following the report.

Citigroup follows other major Financial sector earnings this month

Citigroup’s report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $ 0.78 on revenue of $ 29.07B, compared to forecasts EPS of $ 2.28 on revenue of $ 29.53B.

UnitedHealth had beat expectations on Wednesday with first quarter EPS of $ 3.72 on revenue of $ 64.42B, compared to forecast for EPS of $ 3.63 on revenue of $ 64.18B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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