Investing.com - Banking conglomerate Citigroup reported worse-than-expected third quarter earnings and revenue on Tuesday, sending its shares lower in pre-market trade.
Earlier in the day, in its third quarter earnings report, Citigroup said adjusted earnings per share came in at USD1.02, below expectations for USD1.04 per share.
The bank’s third quarter revenue totaled USD17.9, missing forecasts for revenue of USD18.2 billion.
Immediately after the earnings announcement, Citigroup shares dropped 1.2% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was mixed. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures indicated a decline of 0.1%, while the Nasdaq 100 futures indicated a gain of 0.1% at the open.