American Express (AXP, Financial) reported first-quarter earnings that exceeded analyst expectations, yet its stock faced downward pressure. The company announced earnings per share of $3.64 and revenue of $16.97 billion, surpassing analysts' predictions of $3.46 per share and $16.94 billion in revenue, according to LSEG data.
Despite the strong quarterly performance, American Express maintained its full-year revenue and profit outlook. Non-interest income was reported at $12.8 billion, slightly below the anticipated $12.86 billion, as per StreetAccount data. This may have contributed to the stock's approximately 1.2% drop during early trading.
