Categories AlphaGraphs, Earnings, Finance
Earnings: Citigroup (C) Q1 profit rises on higher revenues, beats estimates
Citigroup Inc. (NYSE: C) Tuesday reported stronger-than-expected revenue and earnings for the first quarter of 2025. Both revenues and net income increased year-over-year.
In the March quarter, net profit was $4.1 billion or $1.96 per share, compared to $3.37 billion or $1.58 per share in the corresponding period last year. Earnings beat estimates.
First-quarter revenues increased to $21.6 billion from $21.1 billion in the prior year quarter and topped expectations. The top-line growth was driven by growth in each of the company’s five interconnected businesses, largely offset by a decline in all other businesses.
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