American Express Posts Earnings and Revenue Beats. The Stock Moves Higher.

·2 min read
American Express Posts Earnings and Revenue Beats. The Stock Moves Higher.

American Express earned $2.27 a share in the third quarter on revenue of $10.9 billion, beating analysts’ estimates on both metrics, as cardholding spending jumped. The credit card giant was expected by analysts to report third-quarter earnings of $1.80 a share on revenue of $10.52 billion. Cardholder spending jumped to a record high and was up 19% from the third quarter of 2019.