25.04.2024 22:30:05 - dpa-AFX: Capital One Financial Corp. Q1 Profit Increases, but misses estimates
MCLEAN (dpa-AFX) - Capital One Financial Corp. (COF) reported a profit for
its first quarter that increased from the same period last year but missed the
Street estimates.
The company's bottom line came in at $1.20 billion, or $3.13 per share. This
compares with $887 million, or $2.31 per share, in last year's first quarter.
Excluding items, Capital One Financial Corp. reported adjusted earnings of $1.23
billion or $3.21 per share for the period.
Analysts on average had expected the company to earn $3.30 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 5.6% to $9.40 billion from $8.90
billion last year.
Capital One Financial Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $1.20 Bln. vs. $887 Mln. last year.
-EPS (Q1): $3.13 vs. $2.31 last year.
-Revenue (Q1): $9.40 Bln vs. $8.90 Bln last year.
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