Capital One Misses 4Q Revenue Expectations, Posts Higher EPS
22 Gennaio 2019 - 10:53PM
Dow Jones News
By Patrick Thomas
Shares of Capital One Financial Corp.'s (COF) fell about 4% in
after-hours trading after the company's total revenue in the fourth
quarter fell just short of expectations.
The McLean, Va.-based bank reported a profit of $1.3 billion, or
$2.48 a share, compared with a net loss of $971 million, or $2.17 a
share, a year ago. Analysts polled by FactSet were expecting
earnings of $2.39 a share. Capital One posted adjusted earnings of
$1.87 a share.
Total net revenue was the same as a year ago at about $7
billion. Analysts had expected $7.1 billion of revenue in the
quarter.
Net interest income was $5.82 billion, about the same as a year
ago but slightly below the $5.83 billion analysts expected.
Noninterest income fell 1% to $1.19 billion from a year ago.
Analysts had expected $1.25 billion.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
January 22, 2019 16:38 ET (21:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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