Smarter_way_USA

American Express beats Q3 expectations on record revenue

American Express beat Wall Street’s expectations for third quarter earnings, saying Thursday it had earnings per share of $1.88 on strong gains in spending by consumers and small businesses.

  • Earnings per share of $1.88 beat the average expected earnings of $1.77 a share, as forecast by Refinitiv.
  • Third quarter revenue of $10.1 billion was a record and beat the $10.05 billion expected by analysts, according to Refinitiv.
  • The gains reflect higher spending by consumers and small businesses, the company said.

Wall Street had expected EPS of $1.77, as forecast by Refinitiv. Revenue was a record $10.1 billion, beating the expectation of $10.05 billion.

The company said it expects full-year revenue to be up 9 percent to 10 percent and it raised its forecast 2018 earnings per share to a range of $7.30 to $7.40 from $6.90 to $7.30. Shares of American Express rose 0.5 percent in aftermarket trading.

American Express reported the day after notes from the recent Federal Open Market Committee Meeting indicate the Fed is likely to continue raising interest rates. Higher rates should benefit companies like Amex by boosting revenue and profit.

Also on Thursday, American Express announced an agreement with mobile payments app firms PayPal and Venmo to enable cardholders to send payments and pay their Amex bills.


Vezi reducerile de sezon din magazinele:

eMag , Evomag , Libris , Vegis , QuickMobile , FashionDays


Nu uita sa dai SHARE daca ti-a placut acest articol!


Investește la bursă prin:

76% din conturile CFD de retail pierd bani

NOTE & Risk warnings: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am just sharing my opinion and views alone on the market. What you do with your own money is your own responsibility. Seek a licensed CPO or financial advisor before you make any investments. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

In ce investim la bursa ?

Investeste in actiuni la bursa:




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.