MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Capital One Financial Corp. (COF) on Thursday reported fourth-quarter earnings of $706 million.
On a per-share basis, the McLean, Virginia-based company said it had profit of $1.67. Earnings, adjusted for non-recurring costs, were $2.24 per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.
The credit card issuer and bank posted revenue of $13.13 billion in the period. Its adjusted revenue was $9.51 billion, exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $9.45 billion.
For the year, the company reported profit of $4.89 billion, or $11.95 per share. Revenue was reported as $36.79 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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