Citigroup Q3 2024 Adj EPS $1.51 Beats $1.31 Estimate, Sales $20.30 Miss $19.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported its Q3 2024 financial results, with adjusted EPS of $1.51 beating the estimate of $1.31, while sales of $20.30 billion missed the estimate of $19.84 billion.
October 15, 2024 | 12:01 pm
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Citigroup's Q3 2024 adjusted EPS of $1.51 exceeded expectations, but sales of $20.30 billion fell short of estimates. This mixed result may lead to volatility in the stock price.
The earnings per share (EPS) beat is a positive indicator, suggesting better profitability than expected. However, the sales miss indicates potential challenges in revenue generation. The mixed results could lead to short-term volatility as investors weigh the positive EPS against the sales miss.
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