American Express Reports First-Quarter Revenue of $10.3 Billion and Earnings Per Share of $0.41
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American Express (AXP) Tops Q1 EPS by 50c; Warns COVID-19 'Dramatically' Impacted Volumes
April 24, 2020 7:00 AM EDTAmerican Express (NYSE: AXP) reported Q1 EPS ex-reserve build of $1.98, $0.50 better than the analyst estimate of $1.48. Revenue for the quarter came in at $10.3 billion versus the consensus estimate of $10.71 billion.
Including reserve builds of $1.7 billion, which reflect deterioration of the global estimated macroeconomic outlook as a result of COVID-19 impacts, earnings were $0.41.
The first two months of 2020 continued the strong momentum we have delivered over the past two years, but were now in a different world, said Stephen J. Squeri, Chairman and Chief Executive Officer. The deterioration in the economy due... More
