- Company News: American Express (AXP) quarterly earnings beat analysts’ estimate
Market news
18 October 2019
Company News: American Express (AXP) quarterly earnings beat analysts’ estimate
American Express (AXP) reported Q3 FY 2019 earnings of $2.08 per share (versus $1.88 in Q3 FY 2018), beating analysts’ consensus estimate of $2.02.
The company’s quarterly revenues amounted to $10.989 bln (+8.3% y/y), generally in line with analysts’ consensus estimate of $10.938 bln.
The company also issues in-line guidance for Q4, projecting revenues of +8-10% y/y to ~$11.31-11.52 bln versus analysts’ consensus estimate of $11.39 bln.
It reaffirmed guidance for FY 2019, projecting EPS of $7.85-8.35 versus analysts’ consensus estimate of $8.10.
AXP rose to $121.60 (+2.10%) 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 disclaimerOpen Demo Account & Personal Page