Investing.com - American Express (NYSE:AXP) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
American Express announced earnings per share of $1.98 on revenue of $10.31B. Analysts polled by Investing.com anticipated EPS of $1.54 on revenue of $10.76B. That with comparison to EPS of $1.8 on revenue of $10.36B in the same period a year before.American Express had reported EPS of $2.03 on revenue of $11.37B in the previous quarter.Analysts are expecting EPS of $1.68 and revenue of $10.39B in the upcoming quarter.
American Express shares are down 33% from the beginning of the year and are trading at $82.46 , down-from-52-week-high.They are under-performing the Dow 30 which is down 17.89% year to date.
American Express follows other major Financial sector earnings this month
American Express's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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