Skip to main content

Capital One: Q1 Earnings Snapshot

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Tuesday reported first-quarter net income of $2.17 billion.

The McLean, Virginia-based company said it had profit of $3.34 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $4.42 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.61 per share.

The credit card issuer and bank posted revenue of $19.32 billion in the period. Its adjusted revenue was $15.23 billion, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $15.37 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COF at https://www.zacks.com/ap/COF

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related News

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary