Categories AlphaGraphs, Earnings, Finance
AXP Earnings: All you need to know about American Express’ Q3 2024 earnings results
American Express Company (NYSE: AXP) reported its third quarter 2024 earnings results today.
Consolidated total revenues, net of interest expense, were $16.6 billion, up 8% from the same period a year ago, driven by higher net interest income supported by growth in loan volumes, stable growth in Card Member spending, and accelerated card fee revenue growth.
Net income was $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.30 per share, last year. Adjusted EPS grew 6% to $3.49.
Earnings beat estimates while revenue fell short.
AXP raised its full-year 2024 EPS guidance to $13.75-14.05 from the previous range of $13.30-13.80. Revenue growth is expected to be around 9%.
The stock was down over 2% in premarket hours on Friday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Procter & Gamble (PG) Q1 2025 Earnings: Key financials and quarterly highlights
The Procter & Gamble Company (NYSE: PG) reported its first quarter 2025 earnings results today. Net sales were $21.7 billion, down 1% year-over-year. Organic sales increased 2%. Net earnings attributable
Netflix (NFLX) Q3 earnings beat Street View; subscribers grow 14%
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported higher revenues and profit for the third quarter, as the streaming giant's subscriber base continued to expand. Both earnings and the top line
Southwest Airlines (LUV) set to report Q3 2024 earnings results next week, what to expect
Shares of Southwest Airlines Co. (NYSE: LUV) were down over 2% on Thursday. The stock has gained 9% over the past three months. The airline is slated to report its