Company news: American Express (AXP) quarterly results beat analysts’ estimates

American Express (AXP) reported Q4 FY 2021 earnings of $2.18 per share (versus $1.76 per share in Q4 FY 2020), beating analysts’ consensus estimate of $1.83 per share.

The company’s quarterly revenues amounted to $12.145 bln (+29.9% y/y), beating analysts’ consensus estimate of $11.550 bln.

The company also issued mixed guidance for FY 2022, seeing EPS of $9.25-9.65 versus analysts’ consensus estimate of $9.71 and revenues growth of 18-20%, which translates to ~$50.00-50.86 bln versus analysts’ consensus estimate of $47.87 bln.

AXP rose to $159.50 (+0.36%) in pre-market trading.