American Express Down Slightly After Q3 Results
American Express (NYSE: 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.
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