Banking conglomerate Citigroup (NYSE:C) reported better-than-expected third quarter earnings and revenue on Tuesday, sending its shares higher in pre-market trade. Citigroup said adjusted earnings per share came in at $1.15 in the three months ending September 30, above expectations for earnings of $1.12 per share and up from $1.00 in the year-ago period. Net income in the third quarter was $3.4 billion, compared to $3.2 billion in the same period a year earlier. The bank’s third quarter revenue totaled $19.97 billion, beating forecasts for revenue of $19.09 billion and compared to revenues of $17.9 billion for the third quarter 2013. Michael Corbat, Citigroup’s Chief Executive Officer, said, “Our consumer bank and institutional business each had solid performance during the quarter and generated stronger revenues both sequentially and year-on-year.” The bank announced strategic actions in global consumer banking to reduce footprint from 35 to 24 markets. Immediately after the earnings announcement, C shares rose 1.2% in trading prior to the opening bell. Meanwhile, the outlook for U.S. equity markets was modestly higher. The Dow 30 futures indicated a gain of 0.2%, the S&P 500 pointed to a rise of 0.3%, while the tech-heavy NASDAQ 100 indicated an increase of 0.3%.