NEW YORK CITY (dpa-AFX) - (Adds Outlook)
American Express Company (AXP) reaffirmed its full-year outlook. Earnings guidance remains better than the consensus estimate.
It backed the full-year earnings per share outlook of $12.65 - $13.15. On average, 25 analysts expect the company to report earnings of $12.08 per share.
Revenue for the year is expected to grow 9 percent to 11 percent. The Street expects revenue growth of 9.5 percent.
For the first quarter, American Express reported earnings that increased from last year.
The company's earnings totaled $2.41 billion, or $3.33 per share. This compares with $1.79 billion, or $2.40 per share, in last year's first quarter.
The company's revenue for the quarter rose 10.6% to $15.80 billion from $14.28 billion last year.
American Express Co. earnings at a glance (GAAP) :
-Earnings (Q1): $2.41 Bln. vs. $1.79 Bln. last year. -EPS (Q1): $3.33 vs. $2.40 last year. -Revenue (Q1): $15.80 Bln vs. $14.28 Bln last year.
-Guidance: Full year EPS guidance: $12.65 to $13.15.
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