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UPDATE: Citigroup Posts Upbeat Q1 Results

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Citigroup (NYSE: C) reported better-than-expected first-quarter results.

Citigroup's quarterly profit surged to $3.94 billion, versus a year-ago profit of $3.81 billion. On a per-share basis, it earned $1.23. Excluding one-time items, its earnings rose to $1.30 versus $1.29.

Its revenue declined to $20.12 billion. However, analysts were projecting earnings of $1.14 per share on revenue of $19.37 billion.

Citigroup shares gained 3.98% to $47.50 in pre-market trading.

Posted-In: profitEarnings News

 

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