Citigroup Q2 EPS $1.33 Beats $1.30 Estimate, Sales $19.40B Beat $19.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported Q2 earnings of $1.33 per share, beating the analyst consensus estimate of $1.30 by 2.31%. However, this is a 39.27% decrease from the same period last year. The company also reported quarterly sales of $19.40 billion, beating the estimate of $19.27 billion by 0.67%, but this is a 1.21% decrease from last year.
July 14, 2023 | 12:02 pm
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NEUTRAL IMPACT
Citigroup's Q2 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain short-term price movements.
While Citigroup beat analyst estimates for Q2 earnings and sales, the YoY decrease in both metrics could cause investor concern and lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100