(AP) Citigroup said its earnings fell slightly in the third quarter as lower expenses weren't enough to offset a drop in revenue.
Net income for the July-to-August period fell to $3.26 billion from $3.27 billion in the same period a year ago after excluding an accounting gain and other one-time items.
That amounts to $1.02 per share compared with $1.06 per share last year. Wall Street analysts who follow the stock had predicted earnings of $1.05 for the quarter, according to data provider FactSet.
Revenue fell to $18.2 billion compared with $19.2 billion a year ago. Analysts had expected $17.9 billion.
Citigroup's stock fell 65 cents, or 1 percent, to $48.95 in pre-market trading.