Capital One Financial Corp. Profit Advances In Q1

(RTTNews) - Capital One Financial Corp. (COF) announced earnings for its first quarter that increased from last year.

The company's earnings came in at $1.28 billion, or $2.62 per share. This compares with $0.75 billion, or $1.54 per share, in last year's first quarter.

Analysts had expected the company to earn $2.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.5% to $6.91 billion from $6.61 billion last year.

Capital One Financial Corp. earnings at a glance:

-Earnings (Q1): $1.28 Bln. vs. $0.75 Bln. last year. -EPS (Q1): $2.62 vs. $1.54 last year. -Analysts Estimate: $2.33 -Revenue (Q1): $6.91 Bln vs. $6.61 Bln last year.