Categories AlphaGraphs, Earnings, Finance
Earnings: Citigroup (C) Q2 profit beats estimates; revenue up 11%
Banking giant Citigroup Inc. (NYSE: C) on Friday said its second-quarter profit decreased despite a double-digit increase in revenues. However, the numbers topped the market’s projections.
Second-quarter net profit declined to $4.5 billion or $2.19 per share from $6.2 billion or $2.85 per share last year but came in above the consensus forecast.
Meanwhile, total revenues moved up 11% annually to $19.6 billion and topped expectations, reflecting active customer engagement amid increased consumer and corporate confidence. At $92.95, book value per share was up 2% year-over-year.
Read management/analysts’ comments on Citigroup’s Q2 earnings
Shares of Citigroup made strong gains early Friday immediately after the announcement. The stock has dropped about 34% in the past twelve months.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products
