Citigroup Beats Estimates on Q1 Earnings and Ericsson’s Vice President is resigning
Citigroup Inc. (NYSE: C) surpassed expectations after announcing $3.9 billion in first-quarter earnings, or $1.23 a share, on revenues of $20.1 billion. On an adjusted basis, the global bank's earnings were $4.1 billion, or $1.30 a share. Analysts polled separately by Thomson Financial Research and FactSet had only expected earnings per share of $1.14. Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. The companys Global Consumer Banking segment provides