• Company News: American Express’ (AXP) Q3 earnings beat analysts’ estimate

Market news

19 October 2018

Company News: American Express’ (AXP) Q3 earnings beat analysts’ estimate

American Express (AXP) reported Q3 FY 2018 earnings of $1.88 per share (versus $1.50 in Q3 FY 2017), beating analysts' consensus estimate of $1.77.

The company's quarterly revenues amounted to $10.144 bln (+9.2% y/y), generally in-line with analysts' consensus estimate of $10.060 bln.

The company also issued upside guidance for FY 2018, projecting EPS of $7.30-7.40 (compared to its prior guidance of "high end of $6.90-7.30" and analysts' consensus estimate of $7.29) and revenues of +9-10% y/y (versus its prior growth guidance of "at least 9%").

AXP rose to $104.00 (+1.13%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.