Capital One Financial (NYSE:COF) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Capital One Financial announced earnings per share of $-3.08 on revenue of $7.25B. Analysts polled by anticipated EPS of $2.05 on revenue of $7.33B. That with comparison to EPS of $2.9 on revenue of $7.08B in the same period a year before. Capital One Financial had reported EPS of $2.49 on revenue of $7.43B in the previous quarter. Analysts are expecting EPS of $2.41 and revenue of $7.19B in the upcoming quarter.
Capital One Financial shares are down 48.79% from the beginning of the year , still down 51.02% from its 52 week high of $107.59 set on January 22. They are under-performing the S&P 500 which is down 13.8% year to date.
Capital One Financial shares lost 2.07% in after-hours trade following the report.
Capital One Financial follows other major Financial sector earnings this month
Capital One Financial's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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