Capital One Plunges 6% After Q4 Results
Shares of Capital One Financial (NYSE: COF) were lower in Thursday's after hours trading session after the company released its fiscal fourth-quarter earnings results after the closing bell.
The company reported net income of $825 million or $1.41 per share, compared to $381 million or $0.88 per share, in the year ago period. This came in well below Wall Street analysts' consensus earnings per share expectations of $1.60.
Net revenue in the period was $5.624 billion from $4.050 billion last year. This also missed consensus estimates of $5.80 billion.
Capital One said that it expects average quarterly revenues in fiscal 2013 to be consistent with fiscal fourth-quarter revenue results.
In the after hours, COF had lost more than 6 percent and was trading at $57.90. The stock also fell 0.26 percent during regular trading.
Over the last month, COF had climbed more than 6 percent prior to Thursday's results and the stock had been up more than 10 percent over the last six months.
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