: Capital One’s stock dips 1% on revenue miss
Capital One Financial Corp.’s COF stock drooped 1% in extended trading Thursday after the credit-card giant reported mixed quarterly results. Capital One reported fiscal second-quarter net earnings of $1.4 billion, or $3.52 a share, compared with net earnings of $1.7 billion, or $4.96 a share, in the year-ago quarter. Revenue improved to $9 billion, compared with $8.2 billion a year ago. Analysts surveyed by FactSet had expected on average net earnings of $3.26 a share on revenue of $9.13 billion. Shares of Capital One have slipped 24% so far this year, while the broader S&P 500 index SPX has increased 18%.
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