Capital One Financial Q1 Earnings Top Views

reported upbeat earnings for the first quarter on Thursday. The McLean, Virginia-based company reported quarterly net income of $1.153 billion, or $2 per share, versus $1.154 billion, or $1.96 per share, in the year-ago period. Excluding items, net income from continuing operations came in at $1.97 per share in the latest quarter. Its revenue gained 5 percent to $5.65 billion. However, analysts were estimating earnings of $1.88 per share on revenue of $5.7 billion. The average estimate among 23 Estimize users was for earnings of $1.89 per share and revenue of $5.68 billion. "In the first quarter, we continued to post strong results across our businesses," said Richard D. Fairbank, Chair and Chief Executive Officer. "As always, we're focused on sustaining strong performance and shareholder value. We are pursuing growth and resilience, managing costs tightly while we invest to grow, and actively working to return capital to shareholders." Capital One Financial shares finished up 0.12 percent at $81.86 during regular trading hours.