27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
American Express (NYSE:AXP) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
American Express missed estimated earnings by 9.43%, reporting an EPS of $2.4 versus an estimate of $2.65.
Revenue was up $2.55 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.15 which was followed by a 10.54% increase in the share price the next day.
Here's a look at American Express's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.22 | 2.41 | 2.41 | 2.44 |
| EPS Actual | 2.07 | 2.47 | 2.57 | 2.73 |
| Revenue Estimate | 14.22B | 13.50B | 12.50B | 11.62B |
| Revenue Actual | 14.18B | 13.56B | 13.39B | 11.73B |
To track all earnings releases for American Express visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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