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Citigroup, Inc. (C) announced its third quarter financial results for the fiscal year 2013, reporting increases in revenue and profits. Citigroup earned $3.23B, or $1.00 per share, up from $468M and $0.15 per share a year ago. Despite the positive numbers, analysts were overall disappointed in the results, expecting earnings per share of $1.04. Revenue for the quarter increased 30% from $13.7B to $17.88 but when excluding one-time charges revenue was down from $19.2B to $18.2B, missing analyst projections of $18.74B. Citigroup has been working to improve its profitability which it has worked to achieve in part thanks to cost-cutting initiatives. The company’s goal is to reduce expenses to $1.1B for a reduction of $900M. Michael Corbat, Citigroup CEO, since taking over a year ago is struggling through many of the same issues his predecessor did that led to his removal.