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0 0.00117994100294995 -0.00294985250737463 -0.00766961651917394 -0.0100294985250737 -0.00884955752212389 0.00294985250737463 -0.0286725663716813
Stock impact report

American Express's stock rises after adjusted profit beats expectations, while revenue falls short [MarketWatch]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: MarketWatch
Shares of American Express Co. rose 1.6% in premarket trading Friday, after the credit card and travel services company reported first-quarter profit that beat expectations, although revenue fell short. Net income fell to $367 million, or 41 cents a share, from $1.55 billion, or $1.80 a share, in the year-ago period. Excluding non-recurring items, such as a build up in reserves amid a deterioration in the outlook for the global economy amid the coronavirus pandemic, adjusted earnings per share came to $1.98, above the FactSet consensus of $1.46. Revenue fell 1% to $10.31 billion, below the FactSet consensus of $10.71. Consumer services revenue rose 4%, while commercial services revenue was flat and merchant and network services revenue fell 10%. "The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we're now in a different world," said Chief Executive Stephen Squeri. "The deterioration in the economy due to COVID-19 impacts that beg Show less Read more
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