American Express (AXP) Slips on Mixed First Quarter

NEW YORK (TheStreet) -- American Express (AXP) reported better-than-expected earnings but fell short of revenue estimates in its first quarter.

After the bell, shares had slipped 0.69% to $86.80.

The credit card company reported net income of $1.33 a share for the three months to March, 3 cents higher than analysts surveyed by Thomson Reuters forecast.

Revenue of $8.19 billion was 3.9% higher year over year but missed estimates by around $145 million.

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TheStreet Ratings team rates AMERICAN EXPRESS CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate AMERICAN EXPRESS CO (AXP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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