Investing.com - Citigroup (NYSE:C) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
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 and are trading at $44.00 , down-from-52-week-high.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 follows other major Financial sector earnings this month
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