Capital One warns on lower-than-expected earnings
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Capital One Financial Corp.  said on Thursday it expects to report fourth-quarter earnings of around 60 cents per share, and warned that its full-year results would fall below its previous outlook.
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U.S. mortgage finance giant Fannie Mae said on Wednesday a Securities and Exchange Commission decision that it must restate earnings over accounting problems is likely to cut into its capital position.
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Have weak first-quarter earnings pulled the plug on this party?
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CHARLOTTE, N.C. -- Capital One Financial Corp. said Thursday that its 2007 earnings will fall short of its previous expectations because of increased loan delinquencies and additional legal reserves in the fourth quarter.
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First-quarter earnings were hurt by weak profits in China and increased sales of lower-margin products like notebook computers.
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WASHINGTON (CBS.MW) -- Shares of Freddie Mac fell Friday as the market digested news about the mortgage company&#39;s earnings, which were restated lower for 2003.
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Capital One Financial Corp , a  credit card issuer and bank, said on Wednesday that  fourth-quarter earnings fell on rising credit card loan losses  and losses related to a shut-down mortgage unit.
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The high-end computer maker says revenue for the first quarter of fiscal 2005 will be lower than previously projected.
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American Express Co  and Capital One Financial Corp , the largest independent U.S. credit card companies, projected profits below analyst forecasts on Thursday, citing mounting consumer loan losses as the U.S. economy slows.
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General Motors Corp. GM.N said on  Thursday that it expects earnings this year to fall, due in  part to weaker profits from its financial services arm.
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A few thoughts on the earnings warning.
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Steelmaker Nucor Corp.  said on Monday it expects second-quarter earnings to be well below Wall Street expectations, hurt by lower shipments from its bar mill group.
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Coca-Cola Co.  on Wednesday said earnings for the remainder of 2004 would lag current expectations because of weakness in key markets.
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Capital One Financial Corp , the largest independent U.S. bank card issuer, said on Wednesday that fourth-quarter earnings fell 42 percent on rising credit card losses and charges related to a shut-down of its subprime mortgage unit.
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The results for the current quarter came in slightly below expectations and the company sounded a note of caution on the global economy.
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If the company doesn't surpass expectations, don't expect to make any money.
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Colgate-Palmolive Co.  on Monday warned that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.