American Express: 1Q Earnings Snapshot
Posted Apr 18, 2019 5:52 am.
This article is more than 5 years old.
NEW YORK (AP) _ American Express Co. (AXP) on Thursday reported first-quarter profit of $1.55 billion.
The New York-based company said it had net income of $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The credit card issuer and global payments company posted revenue of $10.36 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $10.49 billion.
American Express expects full-year earnings in the range of $7.85 to $8.35 per share.
American Express shares have climbed 17 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 16 per cent. The stock has increased 19 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXP at https://www.zacks.com/ap/AXP
The Associated Press
