Citigroup Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Citigroup Inc. (C) released a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $3.752 billion, or $1.86 per share. This compares with $3.238 billion, or $1.51 per share, last year.

Excluding items, Citigroup Inc. reported adjusted earnings of $4.466 billion or $2.24 per share for the period.

Analysts on average had expected the company to earn $1.72 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 9.3% to $22.090 billion from $20.209 billion last year.

Citigroup Inc. earnings at a glance (GAAP) :

-Earnings: $3.752 Bln. vs. $3.238 Bln. last year. -EPS: $1.86 vs. $1.51 last year. -Revenue: $22.090 Bln vs. $20.209 Bln last year.