American Express falls despite earnings beat (AXP)
Shares of credit card provider American Express fell more than 2% after the closing bell on Thursday despite reporting earnings that exceeded Wall Street expectations.
A previously disclosed $2.6 billion tax charge resulted in the company's first loss in 26 years. Without the one-time charge, however, earnings were $1.58 per share — just above the expected $1.54.
The company also reported revenues of $8.84 billion, 12% above Wall Street expectations.
"We ended the year with record bi
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