American Express: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported third-quarter net income of $3.71 billion.

The New York-based company said it had net income of $5.42 per share. Earnings, adjusted for non-recurring gains, came to $4.68 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.47 per share.

The credit card issuer and global payments company posted revenue of $20.06 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $20.13 billion.

American Express expects full-year earnings in the range of $17.60 to $17.90 per share.

American Express shares have declined 12% since the beginning of the year, while the S&P's 500 index has climbed 12%. The stock has declined roughly 8% 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