Citigroup Q4 2023 Adj EPS $0.84 Beats $0.81 Estimate, Sales $17.40B Miss $18.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported its Q4 2023 adjusted earnings per share (EPS) at $0.84, surpassing the estimated $0.81. However, the company's sales of $17.40 billion fell short of the expected $18.74 billion.
January 12, 2024 | 1:05 pm
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Citigroup's Q4 2023 earnings beat EPS estimates but missed on sales, indicating mixed financial performance.
The EPS beat may provide some positive sentiment among investors, but the sales miss could raise concerns about revenue growth and operational efficiency. The mixed results are likely to result in a neutral short-term impact on Citigroup's stock price as the market digests both the positive and negative aspects of the report.
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