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Capiptal One’s results miss estimates

Per share earnings rose, but came up short of estimates.Matt Rourke/Associated Press

Capital One Financial Corp. said fourth-quarter earnings rose 2.1 percent, though results missed analysts’ estimates, sending shares lower. As one of the country’s largest credit card lenders, Capital One’s results are viewed as a gauge for the health of consumer spending. The McLean, Va.-based company reported a profit of $842 million, up from $825 million a year earlier. Per-share earnings rose to $1.45 from $1.41. Net revenue fell 1.4 percent to $5.54 billion, driven by a decline in net interest income. Per share results missed average estimates of $1.55. Net revenue, however, beat estimates of $5.48 billion.