AmEx's Q1 Earnings: Record Revenue but Stock Falls.
TL;DR Summary
American Express reported record revenue of $14.28 billion in Q1 2023, but earnings per share fell to $2.40 from $2.73 a year ago, as the company braced for credit card holders' debt struggles. The stock was down as analysts had expected earnings per share of $2.66 on revenue of $13.98 billion.
- American Express Earnings Reveal Record Revenue. Why the Stock Is Falling. Barron's
- American Express CEO: Analysts got it wrong, we had a 'good' quarter Yahoo Finance
- American Express posts mixed Q1 earnings CNBC Television
- American Express GAAP EPS of $2.40 misses by $0.27, revenue of $14.28B beats by $260M (NYSE:AXP) Seeking Alpha
- AmEx profits fall as higher spending offset by loan losses Yahoo Finance
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