Says Discovery integration is off to a great start. Says as the company has gotten more granularity on each of these efforts, expects integration costs will be somewhat higher than previously announced $2.8B. Says on track to deliver the $2.5B in total net synergies discussed on the April earnings call. Says there are significant cost savings and also significant real revenue synergies and has line of sight to achieving them. Comments taken from Q2 earnings conference call.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COF:
- Capital One Reports Decrease in Charge-Offs Post-Acquisition
- COF Earnings: Capital One Stock Gains on Beating Q2 Earnings Forecast
- Capital One reports Q2 adjusted EPS $5.48 vs $3.14 last year
- Notable companies reporting after market close
- Capital One options imply 3.7% move in share price post-earnings