American Express Analysts Increase Their Forecasts After Q3 Earnings

American Express Co (NYSE:AXP) company reported mixed results for the third quarter on Friday.

The company said quarterly revenue (net of interest expenses) grew 8% year-on-year to $16.64 billion, marginally missing the analyst consensus estimate of $16.67 billion. Adjusted EPS of $3.49 beat the analyst consensus estimate of $3.28.

Card Member spending or Billed Business grew 6% (or 6% forex adjusted) year-over-year to $387.3 billion.

U.S. Consumer Services revenue was $7.944 billion, up 10% year over year. Commercial Services revenue was $3.998 billion, up 7% year over year. International Card Services revenue was $2.936 ...