Capital One Profit Falls, But Revenue and Adjusted Earnings Top Estimates

Date : 01/21/2020 @ 9:51PM
Source : Dow Jones News
Stock : Capital One Financial Corporation (COF)
Quote : 101.15  -2.39 (-2.31%) @ 1:00AM
After Hours
Last Trade
Last $ 101.15 ◊ 0.00 (0.00%)

Capital One Profit Falls, But Revenue and Adjusted Earnings Top Estimates

Capital One Financial (NYSE:COF)
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2 Months : From Dec 2019 to Feb 2020

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   By Allison Prang 
 

Capital One Financial Corp.'s earnings (COF) fell, despite higher revenue.

Capital One's earnings were $2.25 a share, down from $2.48 a share the comparable quarter a year earlier. The company's results a year earlier included a $21 million income tax benefit, while the company recorded $270 million in income tax costs for the most recent fourth quarter.

Adjusted earnings were $2.49 a share. Analysts polled by FactSet were expecting $2.37 a share.

Total net revenue was $7.43 billion, up 5.9% from the comparable quarter a year ago. Analysts polled by FactSet were expecting $7.35 billion.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

January 21, 2020 16:36 ET (21:36 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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