American Express Q1 Earnings: Hits and Misses
TL;DR Summary
American Express CEO Stephen Squeri defended the company's Q1 earnings after the bottom line fell short of analyst estimates. Squeri said the $2.40 per-share profit was a good number and beat the company's plan. AmEx saw Q1 sales rise in its US consumer services and commercial segments by 25% and 15%, respectively, while international sales rose 22%. The credit-card giant reiterated its full-year sales growth outlook of 15% to 17% and earnings are expected to be in the range of $11 to $11.40.
- American Express CEO: Analysts got it wrong, we had a 'good' quarter Yahoo Finance
- American Express posts mixed Q1 earnings CNBC Television
- AmEx profit misses as default worries prompt reserve buildup Reuters
- American Express Earnings Reveal Record Revenue. Why the Stock Is Falling. Barron's
- AmEx profit takes a hit from reserve buildup as slowdown worries rise Yahoo Finance
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