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

Market news

23 October 2020

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

American Express (AXP) reported Q3 FY 2020 earnings of $1.30 per share (versus $2.08 per share in Q3 FY 2019), missing analysts’ consensus estimate of $1.35 per share.

The company’s quarterly revenues amounted to $8.751 bln (-20.4% y/y), roughly in line with analysts’ consensus estimate of $8.711 bln.

AXP fell to $101.77 (-2.88%) in pre-market trading.

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