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Citigroup, Inc. (NYSE:C) missed Wall Street’s profit estimate, AND came up short on beating the revenue expectation. Net income increased 25.52% to $1.2 billion (38 cents per diluted share) in the quarter versus a net gain of $956 million in the year-earlier quarter. Revenue decreased 19.1% to $18.7 billion from the year-earlier quarter.
Citigroup, Inc. reported adjusted net income of 38 cents per share. By that measure, the company missed the mean analyst estimate of $0.96. It missed the average revenue estimate of $18.82 billion.
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