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Stock impact report

Capital One posts surprise Q1 loss, shares fall [MarketWatch]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Shares of Capital One Financial Corp. fell 1.9% late Thursday after the credit card and banking company swung to a loss in the first quarter and posted revenue that narrowly missed Wall Street expectations. Capital One said it lost $1.3 billion, or $3.10 a share, in the quarter, versus a profit $1.4 billion, or $2.86 a share, in the first quarter of 2019. Adjusted for one-time items, the company lost $3.02 a share, contrasting with adjusted profit of $2.90 a share in the year-ago period. Revenue fell 2% to $7.2 billion in the quarter. Analysts polled by FactSet had expected Capital One to report GAAP earnings of $2.36 a share on revenue of $7.3 billion. The stock ended the regular trading day up 2.1%. Show less Read more
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