American Express Stock Falls
Why American Express Stock Is in the Red Today
By most measures shares of American Express (NYSE: AXP) should be up right now. The credit card middleman's third-quarter earnings handily topped expectations, driven higher by year-over-year revenue growth. The report's one red flag, however, is undermining any prospective bullishness. As of midday Friday Amex stock is down nearly 5%.
American Express Stock Falls After Revenue Undershoots Estimates
American Express shares dropped, after the credit-card company's quarterly revenue missed Wall Street estimates. For July-September, Amex logged $16.64 billion in revenue That was up 8% from a year earlier,
Why American Express Earnings Have the Dow Stock Lower
American Express is the worst Dow Jones stock Friday after the payments giant reported a top-line miss in its third quarter. Here's what you need to know.
American Express sells off on lower full-year revenue guidance
American Express (AXP) stock swooned over 5% on Friday after it reported third-quarter results. The company reduced its outlook for full-year revenue guidance from between 9% and 11% to the lower end of that range, which perturbed market sentiment.
American Express: Q3 Earnings Snapshot
NEW YORK — NEW YORK — American Express Co. (AXP) on Friday reported third-quarter profit of $2.51 billion. The New York-based company said it had net income of $3.49 per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
The Dow Is Down. Blame American Express.
The Dow was lagging behind the rest of the market on Friday. As is often the case, it’s all about what stocks the index includes and what stocks it doesn’t. The Dow was down 86 points, or 0.2%, in recent trading.
Amex sees strong discretionary spending, but stock retreats after solid 2024 run
American Express Co. says discretionary spending remains strong, but shares of the credit-card giant are moving lower Friday ...
Amex Earnings Will Test Stock’s Rally. Revenue Is the Focus.
American Express cardholder spending, referred to as billed business, is another key metric that investors and analysts will ...
American Express Q3 Earnings: Profit Beats Estimate, Card Spending Grows, Revises Annual Outlook
Amex Q2 revenue misses estimate, stock initially rises but gives up gains. Higher net interest income, spending, and fees ...
Nasdaq Index Today: Netflix Rally Leads Gains as Dow Falters on AmEx Slump
Nasdaq rallies as Netflix jumps 11% on strong earnings, while AmEx drags down Dow. Will tech stocks keep leading the market’s ...
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Amex's earnings beat estimates, even as delinquencies rise
The credit card lender posted record revenue on strong consumer volume and raised its guidance, though it's also reporting ...
Amex Needs Wealthy Spenders to Buck Up and Keep Swiping
The affluent American consumer that powers American Express is showing some signs of fatigue. While these cardholders are hardly going into hibernation, their rapid spending growth in prior years ...
AmEx Profit Beats Estimate on Robust Customer Spending
Shares of the company climbed 2% before the opening bell after gaining about 53% so far this year through Thursday. Peers ...
Amex Tops Profit Forecasts, Raises Earnings Guidance
American Express’s profit and revenue for the third quarter both rose from a year ago, reflecting that the company’s ...