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Stock impact report

American Express CEO: Our cardholders don't care about high gas prices right now [Yahoo! Finance]

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: Yahoo! Finance
But considering US households were hit over the head with $4 per gallon gas in the quarter, one could appreciate the resiliency of the card giant's business. "I think the impressive statistic ... I would focus on is 18% growth in retail luxury spend, 12% growth in premium cabin on airlines, and global travel bookings being at a record high," Amex CEO Stephen Squeri told Yahoo Finance moments after the company released earnings. "That tells you they [our cardholders] don't care about gas prices." NYSE - Nasdaq Real Time Price • USD American Express Company (AXP) Follow View Quote Details As of 9:52:26 AM EDT. Market Open. Advanced Chart Amex's first quarter by the numbers Revenue increased 11% year over year to $18.91 billion (consensus estimate: $18.62 billion) Earnings per share were up 18% year over year to $4.28 (consensus estimate: $4.03) Billed business was up 10% year over year to $428 billion (consensus estimate: $420.57 billion) Spending by category Show less Read more
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