Capital One Finl Q2 Adj $3.14 Misses $3.29 Estimate, Sales $9.51B Miss $9.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital One Financial (NYSE: COF) reported Q2 earnings of $3.14 per share, missing the analyst estimate of $3.29 by 4.56%. Sales were $9.51 billion, also missing the $9.57 billion estimate. Earnings decreased by 10.8% year-over-year, while sales increased by 5.48%.
July 23, 2024 | 8:08 pm
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Capital One Financial reported Q2 earnings of $3.14 per share, missing the analyst estimate of $3.29. Sales were $9.51 billion, also missing the $9.57 billion estimate. Earnings decreased by 10.8% year-over-year, while sales increased by 5.48%.
The earnings and sales misses, combined with a year-over-year decrease in earnings, are likely to negatively impact the stock price in the short term. The market typically reacts unfavorably to missed estimates, especially when accompanied by a decline in earnings.
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