MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Thursday reported first-quarter profit of $1.28 billion.
On a per-share basis, the McLean, Virginia-based company said it had net income of $3.13. Earnings, adjusted for non-recurring costs, were $3.21 per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.25 per share.
The credit card issuer and bank posted revenue of $13.09 billion in the period. Its adjusted revenue was $9.4 billion, topping Street forecasts. Eleven analysts surveyed by Zacks expected $9.35 billion.
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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
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