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
Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.
Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on