Company news: American Express’s (AXP) quarterly earnings strongly beat analysts’ expectations

American Express (AXP) reported Q1 FY2024 earnings of $3.33 per share (versus $2.40 per share in Q1 FY2023), strongly beating analysts’ consensus estimate of $2.95 per share.

The company’s quarterly revenues amounted to $15.801 bln (+10.6% y/y), marginally beating analysts’ consensus estimate of $15.793 bln.

AXP fell to $217.01 (-0.23%) in pre-market trading.