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

Market news

19 July 2019

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

American Express (AXP) reported Q2 FY 2019 earnings of $2.07 per share (versus $1.84 in Q2 FY 2018), beating analysts’ consensus estimate of $2.02.

The company’s quarterly revenues amounted to $10.838 bln (+8.4% y/y), generally in line with analysts’ consensus estimate of $10.825 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $7.85-8.35 (versus analysts’ consensus estimate of $8.09) and revenues of +8-10% y/y to ~$43.6-44.4 bln (versus analysts’ consensus estimate of $43.57 bln).

AXP fell to $127.60 (-0.62%) in pre-market trading.

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