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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
