American Express earnings, revenue seen rising in Q3 results
AXP•American Express is expected to report a 9% increase in third-quarter revenue to $20.12 billion and adjusted earnings of $4.48 per share, up from $4.14 a year earlier. Results are due before Friday’s opening bell.
1. Earnings expectations
Analysts expect American Express to post third-quarter revenue of $20.12 billion, up 9%, and adjusted earnings per share of $4.48, compared with $4.14 a year earlier. The company has met or beaten earnings estimates in seven of the past eight quarters.
2. Investor focus
Investors may look for further commentary after the company was fined $350 million this month over anti-money-laundering compliance issues; American Express said the fine would not affect its guidance. In its last report, it raised its full-year revenue forecast on strong spending but held its profit outlook steady to fund growth.
