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

Market news

19 January 2018

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

American Express (AXP) reported Q4 FY 2017 earnings of $1.58 per share (versus $0.91 in Q4 FY 2016), beating analysts' consensus estimate of $1.54.

The company's quarterly revenues amounted to $8.839 bln (+10.2% y/y), beating analysts' consensus estimate of $8.730 bln.

The company also issued guidance for FY2018, projecting EPS of $6.90-7.30 versus analysts' consensus estimate of $7.29.

AXP also announced plans to suspend its share buyback program for the first half of 2018 "in order to rebuild our capital".

AXP fell to $97.75 (-2.11%) in pre-market trading.

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