Company News: American Express (AXP) quarterly results beat analysts’ estimates

Market news

20 April 2017

Company News: American Express (AXP) quarterly results beat analysts’ estimates

American Express (AXP) reported Q1 FY 2017 earnings of $1.34 per share (versus $1.45 in Q1 FY 2016), beating analysts' consensus estimate of $1.27.

The company's quarterly revenues amounted to $7.889 bln (-2.5% y/y), beating analysts' consensus estimate of $7.764 bln.

The company also reaffirmed guidance for FY 2017, projecting EPS of $5.60-5.80 versus analysts' consensus estimate of $5.65.

AXP rose to $77.50 (+2.58%) in pre-market trading.

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