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

Market news

24 July 2020

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

American Express (AXP) reported Q2 FY 2020 earnings of $0.29

per share (versus $2.07 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.02 per share.

The company’s quarterly revenues amounted to $7.675 bln (-29.2% y/y), missing analysts’ consensus estimate of $8.252 bln.

AXP fell to $96.25 (-0.43%) in pre-market trading.

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