Capital One Financial Corp. Q2 Profit Declines, Misses Estimates

(RTTNews) - Capital One Financial Corp. (COF) announced earnings for second quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $531 million, or $1.38 per share. This compares with $1.35 billion, or $3.52 per share, in last year's second quarter.

Analysts on average had expected the company to earn $3.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5% to $9.51 billion from $9.01 billion last year.

Capital One Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $531 Mln. vs. $1.35 Bln. last year. -EPS (Q2): $1.38 vs. $3.52 last year. -Revenue (Q2): $9.51 Bln vs. $9.01 Bln last year.