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

Market news

19 October 2017

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

American Express (AXP) reported Q3 FY 2017 earnings of $1.50 per share (versus $1.24 in Q3 FY 2016), beating analysts' consensus estimate of $1.48.

The company's quarterly revenues amounted to $8.436 bln (+8.5% y/y), beating analysts' consensus estimate of $8.307 bln.

The company also issued upside guidance for FY2017, projecting EPS of $5.80-5.90 (prior $5.60-5.80), versus analysts' consensus estimate of $5.74.

AXP fell to $90.10 (-2.15%) in pre-market trading.

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