19.04.2024 13:27:33 - dpa-AFX: ROUNDUP: American Express Q1 Income Rises; Annual Earnings Outlook Better Than View

NEW YORK CITY (dpa-AFX) - (Adds Outlook)

American Express Company (AXP) reaffirmed its full-year outlook. Earnings
guidance remains better than the consensus estimate.

It backed the full-year earnings per share outlook of $12.65 - $13.15. On
average, 25 analysts expect the company to report earnings of $12.08 per share.

Revenue for the year is expected to grow 9 percent to 11 percent. The Street
expects revenue growth of 9.5 percent.

For the first quarter, American Express reported earnings that increased from
last year.

The company's earnings totaled $2.41 billion, or $3.33 per share. This compares with $1.79 billion, or $2.40 per share, in last year's first quarter.

The company's revenue for the quarter rose 10.6% to $15.80 billion from $14.28
billion last year.

American Express Co. earnings at a glance (GAAP) :

-Earnings (Q1): $2.41 Bln. vs. $1.79 Bln. last year.
-EPS (Q1): $3.33 vs. $2.40 last year.
-Revenue (Q1): $15.80 Bln vs. $14.28 Bln last year.

-Guidance:
Full year EPS guidance: $12.65 to $13.15.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AMER. EXPRESS DL -,20 850226 Frankfurt 248,200 31.10.24 16:19:49 -1,900 -0,76% 0,000 0,000 251,000 250,100

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