Categories AlphaGraphs, Earnings, Finance
Earnings: Citigroup (C) Q3 profit beats estimates; revenue up 6%
Banking behemoth Citigroup Inc. (NYSE: C) on Friday said its third-quarter 2022 profit declined despite an increase in revenues. However, the numbers topped the market’s projections.
Third-quarter net profit declined to $3.5 billion or $1.63 per share from $4.6 billion or $2.15 per share last year but came in above the consensus forecast.
Meanwhile, total revenues moved up 6% annually to $18.5 billion and topped expectations, reflecting active customer engagement amid increased consumer and corporate confidence. Book value per share was $92.71.
Check this space to read management/analysts’ comments on Citigroup’s Q3 2022 earnings
Shares of Citigroup declined early Friday immediately after the announcement. The stock has dropped about 41% in the past twelve months.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
AMAT Earnings: Applied Materials Q1 2025 adj. profit rises on higher sales
Applied Materials, Inc. (NASDAQ: AMAT), a leading supplier of equipment and software for manufacturing semiconductor chips and flat panel displays, Thursday reported an increase in sales and adjusted earnings for
Cisco Systems (CSCO) bets on strong AI demand to drive growth
After starting the fiscal year on a weak note, Cisco Systems Inc. (NASDAQ: CSCO) has regained momentum, reporting higher second-quarter revenue and profit that beat analysts’ estimates. The company is
What to expect when Hasbro (HAS) reports its fourth quarter 2024 earnings results
Shares of Hasbro, Inc. (NASDAQ: HAS) stayed green on Thursday. The stock has gained 7% year-to-date. The toymaker is scheduled to report its fourth quarter 2024 earnings results on Thursday,