MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — $Capital One Financial Corp(COF-N)$. (COF) on Tuesday reported first-quarter earnings of $1.4 billion.
The McLean, Virginia-based company said it had net income of $3.45 per share. Earnings, adjusted for non-recurring costs, were $4.06 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share.
The credit card issuer and bank posted revenue of $13.41 billion in the period. Its adjusted revenue was $10 billion, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $10.03 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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