American Express Co. Reveals 7% Fall In Q1 Bottom Line

(RTTNews) - American Express Co. (AXP) reported earnings for first quarter that declined from last year.

The company said its profit fell to $1.43 billion, or $1.45 per share. This was down from $1.53 billion, or $1.48 per share, in last year's first quarter.

Analysts had expected the company to earn $1.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $8.09 billion. This was up from $7.95 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q1): $1.43 Bln. vs. $1.53 Bln. last year. -Earnings Decline (Y-o-Y): -6.5% -EPS (Q1): $1.45 vs. $1.48 last year. -EPS Decline (Y-o-Y): -2.0% -Analysts Estimate: $1.35 -Revenue (Q1): $8.09 Bln vs. $7.95 Bln last year. -Revenue Change (Y-o-Y): 1.8%

-Guidance: Full year EPS guidance: $5.40 - $5.70