said Monday it met Wall Street's expectations for the fourth quarter, but indicated that earnings per share growth for 2001 will be at the low end of its 12% to 15% forecast because of weak financial markets and the economic slowdown.
The banking and travel services company, based in New York, said it earned $677 million, or 50 cents a diluted share, up from $606 million, or 44 cents a share, in the year-ago period. Seventeen analysts polled by
First Call/Thomson Financial
were calling for the company to earn 50 cents a share in the quarter.
Analysts polled by First Call are expecting the company to earn $2.35 for 2001, which translates into about a 13.5% increase over 2000.
Shares of American Express lost $3.13, or 6.4%, to $45.50 in recent
New York Stock Exchange