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American Express: Q1 Earnings Insights

American Express (NYSE:AXP) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:00 AM. Here’s what…
byBenzinga Insights
April 20, 2023
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American Express (NYSE:AXP) reported its Q1 earnings results on Thursday, April 20, 2023 at 07:00 AM.

Here’s what investors need to know about the announcement.

Earnings

American Express missed estimated earnings by 9.43%, reporting an EPS of $2.4 versus an estimate of $2.65.

Revenue was up $2.55 billion from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.15 which was followed by a 10.54% increase in the share price the next day.

Here’s a look at American Express’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 2.22 2.41 2.41 2.44
EPS Actual 2.07 2.47 2.57 2.73
Revenue Estimate 14.22B 13.50B 12.50B 11.62B
Revenue Actual 14.18B 13.56B 13.39B 11.73B

To track all earnings releases for American Express visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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