Citigroup beats by $0.17, beats on revs; reports $7.2 bln in write-downs
Jul.18, 2008 in
Market Outlook
Reports Q2 (Jun) loss of $0.49 per share from continuing operations, $0.17 better than the First Call consensus of ($0.66); revenues fell 29.2% year/year to $18.65 bln vs the $17.55 bln consensus. Co said that results in the core franchise were offset by write-downs and credit costs. Results include $7.2 billion in pre-tax write-downs in [...]



