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Citigroup earnings, revenue miss big in Q4; shares drop 2.5%

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Investing.com - Financial services' provider Citigroup reported significantly weaker-than-expected fourth-quarter earnings and revenue on Thursday.

Earlier in the day, in its fourth quarter earnings report, Citigroup said earnings per share came in at USD0.69 compared to expectations for USD0.96 per share.

The bank's fourth quarter revenue totaled USD18.66 billion, missing expectations for revenue of USD18.92 billion.

Following the release of the report, shares in C lost 2.5% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.1%, S&P 500 futures pointed to a rise of 0.1% and Nasdaq 100 futures indicated an advance of 0.2% at the open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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