Citigroup Q3 Profit Up 12%, Beats View; But Revenues Miss

Citigroup Inc. on Friday reported a 12 percent increase in profit for the third quarter from last year, as slightly lower revenues were more than offset by a lower tax rate as well as decline in cost of credit and expenses. Earnings per share beat analysts’ expectations, while revenues missed estimates. Citigroup’s effective tax rate was 24 percent in the quarter.
RTT – Earnings

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Conagra Brands Q1 Results Miss View; Stock Down

Conagra Brands Inc. (CAG) reported profit for the first quarter of fiscal year 2019 that increased 16.8 percent from last year. Quarterly net sales grew 1.7%, and organic net sales, excluding the sale of the Trenton, Missouri production facility Trenton grew 1.2%, with growth in all four operating segments. Both adjusted earnings per share and revenue for the quarter missed analysts’ expectations.
RTT – Earnings

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