Company News: Citigroup (C) Quarterly Results Beat Analysts’ Expectations

Market news

15 April 2016

Company News: Citigroup (C) Quarterly Results Beat Analysts’ Expectations

Citigroup reported Q1 FY 2016 earnings of $1.10 per share (versus $1.52 in Q1 FY 2015 beating analysts' consensus of $1.05.

The company's quarterly revenues amounted to $17.555 bln (-11.1% y/y), slightly beating consensus estimate of $17.444 bln.

C rose to $46.00 (+2.27%) in pre-market trading.

Canada: Manufacturing Shipments (MoM), February -3.3% (forecast -1.5%)

Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the positive trade data from the Eurozone

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