Capital One’s Q2 Results Spoil Investors’ Mood
Capital One Financial Corporation (NYSE: COF) has failed to impress investors with its second-quarter 2022 results, as the company''s earnings and revenues lagged consensus estimates by 2.6% and 1%, respectively. Following the release, shares of this $45.1-billion banking company declined 4.2% in Thursday''s extended trading session. Notably, the stock closed at $114.7 in the normal trading session of the day. Highlights of Capital One’s Q2 Performance Capital One’s earnings were $4.96 per share in the quarter, below the consensus expectation of $5.09 per share. Also, the bottom line was down 35.7% year-over-year. Revenues of $8.23 billion were lower than the analysts’ expectation of $8.31 billion.
Capital One’s Q2 Results Spoil Investors’ Mood
Capital One Financial Corporation (NYSE: COF) has failed to impress investors with its second-quarter 2022 results, as the company''s earnings and revenues lagged consensus estimates by 2.6% and 1%, respectively. Following the release, shares of this $45.1-billion banking company declined 4.2% in Thursday''s extended trading session. Notably, the stock closed at $114.7 in the normal trading session of the day. Highlights of Capital One’s Q2 Performance Capital One’s earnings were $4.96 per share in the quarter, below the consensus expectation of $5.09 per share. Also, the bottom line was down 35.7% year-over-year. Revenues of $8.23 billion were lower than the analysts’ expectation of $8.31 billion.