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Capital One: Q4 Earnings Snapshot

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MCLEAN, Va. (AP) _ Capital One Financial Corp. (COF) on Tuesday reported fourth-quarter profit of $1.23 billion.

On a per-share basis, the McLean, Virginia-based company said it had net income of $3.03. Earnings, adjusted for non-recurring gains, were $2.82 per share.

The results fell short of Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.81 per share.

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The credit card issuer and bank posted revenue of $11 billion in the period. Its adjusted revenue was $9.04 billion, which topped Street forecasts. Fourteen analysts surveyed by Zacks expected $9 billion.

For the year, the company reported profit of $7.36 billion, or $17.91 per share. Revenue was reported as $34.25 billion.


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

Copyright by Automated Insights, Inc. All rights reserved.

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