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

Market news

19 April 2018

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

American Express (AXP) reported Q1 FY 2018 earnings of $1.86 per share (versus $1.34 in Q1 FY 2017), beating analysts' consensus estimate of $1.71.

The company's quarterly revenues amounted to $9.718 bln (+11.6% y/y), beating analysts' consensus estimate of $9.488 bln.

The company also issued upside guidance for FY 2018, projecting EPS at high end of $6.90 to $7.30 versus analysts' consensus estimate of $7.10.

AXP rose to $98.61 (+3.64%) in pre-market trading.

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