NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported third-quarter profit of $2.45 billion.
The New York-based company said it had profit of $3.30 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.96 per share.
The credit card issuer and global payments company posted revenue of $15.38 billion in the period, which fell short of Street forecasts. Thirteen analysts surveyed by Zacks expected $15.41 billion.
American Express shares have climbed slightly more than 1% since the beginning of the year, while the S&P’s 500 index has climbed 11%. The stock has risen roughly 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXP at https://www.zacks.com/ap/AXP
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