
American Express (AXP) Stock Climbing in After Hours Trading on Q2 Earnings Beat
NEW YORK (TheStreet) -- Shares of American Express (AXP) - Get Report are up 1.97% to $65.75 in after-hours trade after the company reported 2016 second quarter earnings that beat analysts estimates.
American Express reported earnings for the quarter of $2.10 per share, topping estimates of $1.95 per share.
The company also reported revenue of $8.24 billion, just shy of analysts' estimates at $8.4 billion. For the 2015 second quarter, the company reported earnings of $1.42 and revenue of $8.28 billion.
"We're encouraged by progress so far this year and plan to continue spending at elevated levels during the remainder of 2016 in order to capitalize on the opportunities we see in a very competitive marketplace," said CEO Kenneth Chenault.
"Our expectations for 2017 remain unchanged, and we will stay focused on accelerating revenue growth, resetting our cost base and optimizing the investments we're making in the business," Chenault said.
The company is expecting earnings between $5.40-$5.70 per share for the 2016 fiscal year, and earnings of "at least" $5.60 for 2017.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity.
However, as a counter to these strengths, TheStreet Ratings finds weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: AXP
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.










