Categories AlphaGraphs, Earnings, Finance

American Express reports mixed results in Q1

American Express (NYSE: AXP) reported first-quarter 2021 financial results before the regular market hours on Friday. The payment services firm reported Q1 revenue of $9.06 billion, down 12% year-over-year and slightly below the Wall Street projection. Meanwhile, net income of $2.74 per share was well above the target that analysts had anticipated.

AXP shares fell 0.7% immediately following the announcement. The stock has gained 72% in the trailing 12 months.

American Express Q1 2021 earnings.

Looking forward to listening to management / analyst comments on the results? Stay tuned here for American Express Q1 earnings call transcript

“Our investments to scale next horizon opportunities are well underway. We began the rollout of the Kabbage digital platform to our small business customers, and through our joint venture in China, we have now added more than 14 million merchants to our network,” CEO Stephen J. Squeri said in a statement.

Prior performance

Most Popular

ExxonMobil (XOM) Earnings: Q2 numbers top expectations

Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results

Caterpillar reports a 29% rise in revenue in Q1

Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up

Key highlights from Chevron (CVX) Q2 2021 earnings results

Chevron Corporation (NYSE: CVX) reported second-quarter 2021 earnings results today. Total revenues amounted to $37.5 billion compared to $13.4 billion in the year-ago period. The reported net income was $3.1

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top