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American Express Guides 2019 Profit Low After Q4 Results Miss; Stock Falls
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Estimates: Wall Street sees American Express earnings per share swelling 14% to $1.80, according to Zacks Investment Research. Revenue is seen popping 20% to $10.6 billion.
Results: EPS of $1.74 on revenue of $10.47 billion. Consumer services revenue rose 11% to $5.6 billion. Commercial services revenue increased 8% to $3.3 billion. Merchant and network services revenue was flat at $1.6 billion.
Consolidated provisions for losses climbed 14% to $954 million due to growth in the loan portfolio and higher lending write-off rates. Consolidated expenses grew 9% to $7.7 billion, led by higher rewards and other customer engagement costs.
Outlook: 2019 EPS is seen at $7.85-$8.35, with the midpoint of $8.10 below consensus views for $8.17, on expected revenue growth of 8%-10%, above consensus views for 7.7% growth.
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AXP nachbörslich 3% runter, wie immer auf dem chart noch nicht zu sehen..
https://www.investors.com/news/dow-jones...yptr=yahoo
![[Bild: AXPc1dl1636.png]](https://finviz.com/publish/011719/AXPc1dl1636.png)
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Estimates: Wall Street sees American Express earnings per share swelling 14% to $1.80, according to Zacks Investment Research. Revenue is seen popping 20% to $10.6 billion.
Results: EPS of $1.74 on revenue of $10.47 billion. Consumer services revenue rose 11% to $5.6 billion. Commercial services revenue increased 8% to $3.3 billion. Merchant and network services revenue was flat at $1.6 billion.
Consolidated provisions for losses climbed 14% to $954 million due to growth in the loan portfolio and higher lending write-off rates. Consolidated expenses grew 9% to $7.7 billion, led by higher rewards and other customer engagement costs.
Outlook: 2019 EPS is seen at $7.85-$8.35, with the midpoint of $8.10 below consensus views for $8.17, on expected revenue growth of 8%-10%, above consensus views for 7.7% growth.
...
AXP nachbörslich 3% runter, wie immer auf dem chart noch nicht zu sehen..
https://www.investors.com/news/dow-jones...yptr=yahoo
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