American Express Down Slightly After Q3 Results

American Express AXP released its fiscal third-quarter earnings results after the closing bell on Wednesday. The company reported net income attributable to common shareholders or $1.24 billion, a one percent increase from the $1.22 billion that the company reported in the year ago period. Earnings per share were $1.09 versus $1.03 last year. This was in line with Wall Street analysts consensus earnings expectations. Net revenues rose by four percent to $7.86 billion. In the year ago period, American Express reported revenues of $7.57 billion. This came in slightly below Street revenue expectations of $7.93 billion. In Wednesday's after hours trading session, AXP has lost 0.45 percent to $59.10.