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American Express (AXP) Slumps After Revenue Miss

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American Express Co (AXP) just released their fourth quarter fiscal 2015 earnings results, reporting an earnings beat of 10 cents with a quarterly EPS of $1.23 (excluding 34 cents from non-recurring items).

Currently, AXP has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

American Express:

1. The company beat the Zacks Consensus Estimate of $1.13, reporting a quarterly EPS of $1.23 (excluding 34 cents from non-recurring items).

2. American Express saw revenue figures of $8.4 billion, missing our estimate of $8.53 billion.

3. Net income for the quarter was $899 million, down from $1.4 billion a year ago.

4. "We now expect 2016 EPS between $5.40 and $5.70. This reflects a substantial benefit from the planned sale of the Costco co-brand portfolio, offset in part by a continuation of elevated spending on growth opportunities as well as the loss of a partial year of Costco-related earnings," said Kenneth I. Chenault, chairman and chief executive officer.

5. AXP was down $1.52, or 2.43%, to $61.12 as of 4:35 PM ET in after hours trading shortly after its earnings report was released.

Here's a graph that looks at American Express' recent earnings surprise activity:

American Express Company (AXP) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany

American Express Company is primarily engaged in the business of providing travel related services, financial advisory services, and international banking services throughout the world. American Express Travel Related Services Co, Inc provides a variety of products and services, including global network services, the American Express Credit Card, the Optima Card, and other consumer and corporate lending products, stored value products, and other services. American Express was founded in 1850 and is headquartered in New York City.

Check back later for our full analysis on American Express' fourth quarter earnings report!

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AMER EXPRESS CO (AXP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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