American Express Falls Slightly on Q1 Results
American Express (NYSE: AXP) reported its first quarter earnings results after the closing bell on Wednesday. The company reported net income attributable to shareholders of $1.24 billion or $1.07 per share, compared to $1.16 billion or $0.97 per share, in the year ago quarter. This compared to Wall Street analysts' consensus EPS estimates of $1.00.
Total revenues net of interest expense were up 8 percent to $7.61 billion versus $7.03 billion in last year's corresponding quarter. This came in ahead of Wall Street consensus revenue estimates of $7.57 billion.
In Wednesday's after hours trading session, AXP shares have lost 0.50% to $57.75.
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