Netflix Says Tax Dispute Hurt Last Quarter, Capital One & GM Rally
On this episode of Stock Movers:- Capital One (COF) reported a surge in third-quarter profit, beating Wall Street estimates, and the lender announced plans to repurchase as much as $16 billion of stock in the wake of its acquisition of Discover Financial Services. Net income surged 80% to $3.19 billion, or $4.83 a share, the McLean, Virginia-based company said Tuesday in a statement. Adjusted earnings per share totaled $5.95, topping the $4.39 average estimate of analysts surveyed by Bloomberg. Shares of Capital One rose 2.7% to $223 in extended trading at 4:20 p.m. in New York. The stock had…
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