American Express (AXP) Tops Q3 EPS Views; Boosts FY16 Outlook

October 19, 2016 4:04 PM EDT

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(Updated - October 19, 2016 4:06 PM EDT)

American Express (NYSE: AXP) reported Q3 EPS of $1.24, $0.28 better than the analyst estimate of $0.96. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.72 billion.

The company now expects GAAP earnings per share for 2016 to be between $5.65 and $5.75, which includes the restructuring charges taken in the first three quarters of 2016. The adjusted earnings per share outlook, which excludes restructuring charges, is now $5.90 to $6.00. This is higher than the prior estimate of adjusted full year earnings per share at the high end of the company’s initial $5.40 to $5.70 range.

*** The Street sees FY16 EPS of $5.51.

For earnings history and earnings-related data on American Express (AXP) click here.

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