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AmEx (AXP) Q3 Earnings Miss Due to Lower Spending on Its Cards
American Express Co. AXP reported third-quarter 2020 earnings of 1.30 per share, missing the Zacks Consensus Estimate by 6.5%. Also, the bottom line plunged 38% year over year.
Earnings in the third quarter took a hit from weak spending volumes as a result of the adverse COVID-19 impact.
Even though total revenues of $8.75 billion beat the Zacks Consensus Estimate by 1.2%, the same declined 20% year over year.
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https://finance.yahoo.com/news/amex-axp-...02972.html
![[Bild: AXPc1dl1332.png]](https://finviz.com/publish/102520/AXPc1dl1332.png)
American Express Co. AXP reported third-quarter 2020 earnings of 1.30 per share, missing the Zacks Consensus Estimate by 6.5%. Also, the bottom line plunged 38% year over year.
Earnings in the third quarter took a hit from weak spending volumes as a result of the adverse COVID-19 impact.
Even though total revenues of $8.75 billion beat the Zacks Consensus Estimate by 1.2%, the same declined 20% year over year.
...
https://finance.yahoo.com/news/amex-axp-...02972.html
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