Citigroup Inc. Announces Advance In Q1 Profit

Citigroup Inc. (C) reported a profit for its first quarter that advanced from the same period last year.

The company’s earnings came in at $4.71 billion, or $1.87 per share. This compares with $4.62 billion, or $1.68 per share, in last year’s first quarter.

Analysts had expected the company to earn $1.80 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 1.5% to $18.58 billion from $18.87 billion last year.

Citigroup Inc. earnings at a glance:

-Earnings (Q1): $4.71 Bln. vs. $4.62 Bln. last year.
-EPS (Q1): $1.87 vs. $1.68 last year.
-Analysts Estimate: $1.80
-Revenue (Q1): $18.58 Bln vs. $18.87 Bln last year.

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