Capital One Finl Q2 EPS $3.52 Beats $3.22 Estimate, Sales $9.01B Miss $9.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital One Financial Corp. (COF) reported Q2 earnings of $3.52 per share, beating the consensus estimate of $3.22 by 9.32%. However, this is a 29.03% decrease from the same period last year. The company's quarterly sales were $9.01 billion, missing the estimate of $9.12 billion by 1.18%, but showing a 9.48% increase from the same period last year.
July 20, 2023 | 8:06 pm
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Capital One's Q2 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
Capital One's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor. Overall, the impact on the stock is neutral.
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