American Categorical: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — American Categorical Co. (AXP) on Thursday reported first-quarter revenue of $1.82 billion.
On a per-share foundation, the New York-based firm mentioned it had web earnings of $2.40.
The outcomes missed Wall Avenue expectations. The typical estimate of 14 analysts surveyed by Zacks Funding Analysis was for earnings of $2.64 per share.
The bank card issuer and world funds firm posted income of $14.28 billion within the interval, which topped Avenue forecasts. 13 analysts surveyed by Zacks anticipated $14.01 billion.
American Categorical expects full-year earnings to be $11 to $11.40 per share.
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American Categorical shares have elevated 12% because the starting of the yr, whereas the S&P’s 500 index has climbed 8%. The inventory has dropped 12% within the final 12 months.
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