. Revenue came in at $770 million compared to the expected $744 million, according to a survey of Wall Street analysts by Refinitiv. The company broke even for the quarter when excluding items, while analysts were anticipating a 6-cent per share loss.– The credit card company saw its shares fall more than 2% following a revenue miss. American Express reported $9.064 billion in sales for the first quarter, lower than the consensus of $9.205 billion.
Honeywell's aerospace segment remain a soft spot as sales in the area declined last quarter.– The bank stock jumped more than 11% after SVB Financial topped estimates for earnings per share and net interest income for its first quarter. The company reported $10.03 in earnings per share. Analysts surveyed by FactSet were expecting $6.47 per share. SVB also forecast percentage loan growth in the mid-thirties for the full year.
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