American Express Beats on Top and Bottom Line

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HFA Staff
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American Express Company (NYSE:AXP) released its earnings report for the three months ending September 30 this afternoon, after the bell rang on Wall Street. The firm showed earnings of $1.25 per share for the period on revenues totaling $8.3 billion. On today’s market, the company’s stock traded up and finished the day at $76.14 per share. In the run up to the release of this report, analysts studying American Express Company (NYSE:AXP) were looking for earnings of $1.22 per share for the three month period. Revenues in the third quarter were expected to come to $8.2 billion. In the same…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.