Trending: American Express 3Q Revenue Jumps on Continued Travel, Shopping
October 24 2022 - 10:17AM
Dow Jones News
10:47 ET -- American Express Co. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. On Friday, American Express said it saw
revenue in the third quarter surge 24% from a year ago to $13.6
billion, a record high, as customers continued to shop and travel.
Profit ticked up slightly to $1.8 billion, or $2.47 a share.
Analysts polled by FactSet expected the company to earn $2.40 a
share on revenue of $13.5 billion. Continued travel spending was
credited for American Express's strong results as households and
businesses alike took to traveling after more than two-years of
pandemic-induced restrictions. Dow Jones & Co. owns Factiva.
(chris.wack@wsj.com)
(END) Dow Jones Newswires
October 24, 2022 11:02 ET (15:02 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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