AP Business Writer
LOS ANGELES - Capital One Financial Corp. says its fourth-quarter net income grew more than twofold, as revenue for the lender rose by 38 percent from a year earlier.
McLean, Virginia-based Capital One said Thursday that net income rose to $825 million, or $1.41 per share. That compares with $381 million, or 88 cents per share, in the same period a year ago.
Revenue rose to $5.62 billion from $4.05 billion.
The results fell short of Wall Street expectations. Analysts polled by FactSet expected earnings of $1.58 per share on revenue of $5.76 billion.
Capital One shares fell $3.69, or 6 percent, to $57.90 in after-hours trading.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
An 18-year-old creates a tiny device that charges a phone quickly. (Video)
Fans have hooked up RG3 and his fiancee for their wedding.
A funeral home offers a bicycle hearse and a casket that's a basket.
Conn. zoo officials don't know how this baby came to be born.