Citigroup (C) Flubs Q4 but Still Cheap Stock
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Citigroup (C) Shows Continued Traction in Q4, Although Results Miss Views
January 17, 2013 10:36 AM ESTCitigroup, Inc. (NYSE: C) gave investors a mixed bag with fourth quarter results Thursday. While net income and revenues rose, they missed most analysts expectations. In response investors sent shares down 2.7 percent mid-morning, although they are off the lows.
Revenues was $18.2 billion, up from revenues of $17.2 billion for the fourth quarter 2011. Excluding CVA/DVA, fourth quarter revenues were $18.7 billion, up 8% from the prior year period but below the consensus of $18.82 billion.
Citigroup reported net income in the quarter of $1.2 billion, or $0.38 per diluted share, This compared to net income of $956 million, or... More
UPDATE: Citigroup, Inc. (C) Posts Q4 EPS of 69c; Revs Light
January 17, 2013 8:00 AM EST(Updated - January 17, 2013 8:04 AM EST)
Citigroup, Inc. (NYSE: C) reported Q4 EPS of $0.69, which may not compare the analyst estimate of $1.04. Revenue for the quarter came in at $18.7 billion (ex CVA/DVA) versus the consensus estimate of $18.82 billion. Original EPS was $0.38, before... More
