Capital One Financial Corp. Earnings Drop 11% In Q3

(RTTNews) - Capital One Financial Corp. (COF) announced a profit for third quarter that declined compared to the same period last year.

The company said its earnings came in at $0.96 billion, or $1.90 per share. This was down from $1.08 billion, or $1.98 per share, in last year's third quarter.

Analysts had expected the company to earn $1.94 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.5% to $6.46 billion. This was up from $5.90 billion last year.

Capital One Financial Corp. earnings at a glance:

-Earnings (Q3): $0.96 Bln. vs. $1.08 Bln. last year. -Earnings Decline (Y-o-Y): -11.1% -EPS (Q3): $1.90 vs. $1.98 last year. -EPS Decline (Y-o-Y): -4.0% -Analysts Estimate: $1.94 -Revenue (Q3): $6.46 Bln vs. $5.90 Bln last year. -Revenue Change (Y-o-Y): 9.5%