Citigroup Inc. Q3 Profit Beats Estimates

(RTTNews) - Citigroup Inc. (C) revealed a profit for third quarter that beat the Street estimates.

The company's bottom line totaled $3.55 billion, or $1.63 per share. This compares with $3.48 billion, or $1.63 per share, in last year's third quarter.

Excluding items, Citigroup Inc. reported adjusted earnings of $3.33 billion or $1.52 per share for the period.

Analysts on average had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.8% to $20.14 billion from $18.51 billion last year.

Citigroup Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $3.55 Bln. vs. $3.48 Bln. last year. -EPS (Q3): $1.63 vs. $1.63 last year. -Analyst Estimates: $1.21 -Revenue (Q3): $20.14 Bln vs. $18.51 Bln last year.