American Express (AXP) Stock Gains After Third-Quarter Earnings Beat

TLDR AXP stock traded near $326 in premarket Friday, up about 1%, after closing Thursday at $325.17. Q3 adjusted EPS came in at $4.68, above the $4.50 estimate and up from $4.14 a year ago. Revenue grew 8.9% to $20.06 billion, just under the $20.12 billion estimate. Billed business rose 8% to $454 billion on a foreign-exchange adjusted basis. The stock is down 12% this year but up 7% from its Oct. 1 close of $302.09. American Express (AXP) stock was trading near $326 in premarket on Friday, up about 0.6%. It closed Thursday at $325.17, a gain of 0.5%. American Express Company, AXP The move followed third-quarter results that topped profit estimates. Adjusted earnings came in at $4.68 a share, above the $4.50 Wall Street expected.

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