Citigroup Inc. (NYSE: C) reported fourth-quarter 2020 earnings results on Friday. Revenues decreased 10% from last year to $16.5 billion.
Net income fell 7% from $4.9 billion to $4.6 billion and earnings per share dropped from $2.15 to $2.08, compared to analysts’ estimate of $1.34 per share.
Michael Corbat, Citi’s CEO, said, “We ended a tumultuous year with a strong fourth quarter. As a sign of the strength and durability of our diversified franchise, our revenues were flat to 2019, despite the massive
the economic impact of COVID-19.”
Citigroup Inc.’s stock closed at $69.01 on Thursday evening, up 3%, but declined on Friday morning.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard