MCLEAN, Va. (AP) _ Capital One Financial Corp. (COF) on Tuesday reported third-quarter profit of $3.1 billion.
On a per-share basis, the McLean, Virginia-based company said it had net income of $6.78. Earnings, adjusted for non-recurring costs, came to $6.86 per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $5.22 per share.
The credit card issuer and bank posted revenue of $8.21 billion in the period. Its adjusted revenue was $7.83 billion, also topping Street forecasts. Fifteen analysts surveyed by Zacks expected $7.43 billion.