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Citigroup announced earnings per share of $1.05 on revenue of $20.73B. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $19B. That with comparison to EPS of $1.87 on revenue of $18.58B in the same period a year before. Citigroup had reported EPS of $2.15 on revenue of $18.38B in the previous quarter. Analysts are expecting EPS of $1.47 and revenue of $18.17B in the upcoming quarter.
Citigroup shares are down 43% from the beginning of the year , still down 45.35% from its 52 week high of $83.11 set on January 14. They are under-performing the S&P 500 which is down 12.29% year to date.
Citigroup shares lost 3.13% in pre-market trade following the report.
Citigroup’s report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
