American Express Earnings: Everything You Must Know
American Express Company (NYSE:AXP) announced earnings early. The company has some major layoffs coming down the pipes. Shares are up 0.88%.
American Express Company Earnings Cheat Sheet
Results: Net income increased 0.67% to $1.2 billion ($1.09 per diluted share) in the quarter versus a net gain of $1.19 billion in the year-earlier quarter.
Revenue: Increased 5% to $8.1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Express Company reported adjusted net income of $1.09 per share. By that measure, the company beat the mean analyst estimate of $1.06. It was in-line with the average revenue estimate of $8.12 billion.