AmEx Shares Dip Despite Record Quarterly Revenue
Payment card company American Express released its quarterly earnings on Friday, reporting record revenue. However, this still wasn’t enough for its shares to stop sliding as investors showed concern about the company’s unchanged annual forecast and the decision to set money aside for possible...
American Express CEO Rebukes Criticism of Company’s Quarterly Results
American Express CEO Stephen Squeri defended his company's financial performance despite the credit card giant's first-quarter earnings falling short of analysts' expectations. AmEx shares fell by 1.5% during premarket trading.
The company's earnings per share (EPS) for Q1 were $2.40; a 12% year-on-year decline that...
AmEx CEO Pleased With Company’s Q1 Results Despite Failing to Meet Expectations
Credit card firm American Express didn’t have the kind of results in the first quarter that the Wall Street analysts expected, but CEO Stephen Squeri doesn’t see this as an issue for the company. Speaking with Yahoo Finance on Thursday, Squeri said that he...