Categories AlphaGraphs, Earnings, Finance
Infographic: Citigroup (C) Q1 earnings beat estimates; revenue up 12%
Banking behemoth Citigroup Inc. (NYSE: C) reported an increase in first-quarter net profit amid a 12% growth in revenues. The results also exceeded analysts’ forecasts.
Citigroup reported a net income of $4.6 billion or $2.19 per share for the first three months of fiscal 2023, compared to $4.3 billion or $2.02 per share in the corresponding period of last year. The latest number beat the market’s forecast. Total revenues increased 12% annually to $21.4 billion and exceeded estimates.
“Our robust and well-managed balance sheet was a source of strength for our clients and we continue making progress in executing our strategy focused on our five core interconnected businesses while simplifying and transforming the firm,” said Citi’s CEO Jane Fraser.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
