Market Overview

Recap: American Express Q3 Earnings

Share:

Shares of American Express (NYSE:AXP) fell 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 37.50% year over year to $1.30, which missed the estimate of $1.33.

Revenue of $8,751,000,000 decreased by 20.37% year over year, which beat the estimate of $8,660,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 23, 2020

Time: 08:30 AM

ET Webcast URL: https://ir.americanexpress.com/Earnings-and-Events

Recent Stock Performance

Company's 52-week high was at $138.13

Company's 52-week low was at $67.00

Price action over last quarter: Up 9.20%

Company Profile

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company operates a highly profitable merchant payment network. Since 2018, the company has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

 

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Posted-In: Earnings News