Capital One Financial Corp. Profit Declines In Q1, but beats estimates

Capital One Financial Corp. (COF) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $2.32 billion, or $5.62 per share. This compares with $3.24 billion, or $7.03 per share, in last year's first quarter.

Analysts on average had expected the company to earn $5.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.9% to $8.17 billion from $7.11 billion last year.

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

-Earnings (Q1): $2.32 Bln. vs. $3.24 Bln. last year.
-EPS (Q1): $5.62 vs. $7.03 last year.
-Analyst Estimates: $5.44
-Revenue (Q1): $8.17 Bln vs. $7.11 Bln last year.

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