Capital One Financial Corp. Announces 12% Fall In Q1 Earnings

(RTTNews) - Capital One Financial Corp. (COF) reported a profit for first quarter that dropped from last year.

The company said its bottom line came in at $852 million, or $1.75 per share. This was down from $970 million, or $1.84 per share, in last year's first quarter.

Analysts had expected the company to earn $1.92 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.3% to $6.61 billion. This was up from $6.22 billion last year.

Capital One Financial Corp. earnings at a glance:

-Earnings (Q1): $852 Mln. vs. $970 Mln. last year. -Earnings Decline (Y-o-Y): -12.2% -EPS (Q1): $1.75 vs. $1.84 last year. -EPS Decline (Y-o-Y): -4.9% -Analysts Estimate: $1.92 -Revenue (Q1): $6.61 Bln vs. $6.22 Bln last year. -Revenue Change (Y-o-Y): 6.3%