Citigroup Q1 2024 GAAP EPS $1.58 Beats $1.20 Estimate
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported Q1 2024 earnings of $1.58 per share, surpassing the $1.20 estimate, with sales of $21.104 billion also beating estimates but marking a 1.60% decrease from the previous year.
April 12, 2024 | 12:03 pm
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Citigroup's Q1 2024 earnings exceeded expectations with an EPS of $1.58 against a $1.20 estimate and reported sales of $21.104 billion, surpassing forecasts.
Beating both EPS and sales estimates significantly, especially in a challenging economic environment, is likely to instill investor confidence in Citigroup's financial health and operational efficiency. This positive earnings report could lead to a short-term uptick in Citigroup's stock price as market participants react to the better-than-expected results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100