American Express Co. AXP continued to benefit from strong spending growth in the latest quarter, though it fell short on profit. The card giant on Thursday morning posted first-quarter net income of $1.8 billion, or $2.40 a share, down from $2.1 billion, or $2.73 a share, in the year-earlier period. The FactSet consensus was for $2.66 a share.
” The company said that credit metrics “remained strong” in the first quarter as it reiterated its full-year outlook for 15% to 17% revenue growth and $11.00 to $11.40 in earnings per share. Amex logged $14.3 billion in total revenues net of interest expense in the first quarter, beating analyst expectations, which were for $14.0 billion. A year prior, Amex notched $11.7 billion in quarterly revenue.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب: