Shares of American Express Co. dropped 1.1% in premarket trade Thursday, after the global payments and credit card company reported a first-quarter adjusted...
Shares of American Express Co. AXP, -0.11% dropped 1.1% in premarket trade Thursday, after the global payments and credit card company reported a first-quarter adjusted profit that topped expectations, but revenue that came up shy. Net income fell to $1.55 billion, or $1.80 a share, from $1.63 billion, or $1.86 a share, in the same period a year ago. Excluding non-recurring items, such as legal reserves related to merchant litigation, adjusted EPS rose to $2.01 from $1.
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