WASHINGTON (dpa-AFX) - Citigroup Inc. (C) revealed a profit for fourth quarter that Decreased from last year but beat the Street estimates.
The company's bottom line totaled $2.47 billion, or $1.19 per share. This compares with $2.85 billion, or $1.34 per share, last year.
Excluding items, Citigroup Inc. reported adjusted earnings of $3.59 billion or $1.81 per share for the period.
Analysts on average had expected the company to earn $1.62 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.1% to $19.87 billion from $19.46 billion last year.
Citigroup Inc. earnings at a glance (GAAP) :
-Earnings: $2.47 Bln. vs. $2.85 Bln. last year. -EPS: $1.19 vs. $1.34 last year. -Revenue: $19.87 Bln vs. $19.46 Bln last year.
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