American Express Q4 Revenues $7.32B vs 7.29B

American Express Company AXP today reported fourth-quarter net income of $1.1 billion, up 48 percent from $716 million a year ago. Diluted earnings per share was $0.88, up 47 percent from $0.60 a year ago. The results include $113 million ($74 million after-tax) of previously announced restructuring and other reengineering costs. Excluding these costs, adjusted diluted earnings per share was $0.941. Consolidated total revenues net of interest expense were $7.3 billion, up 13 percent from $6.5 billion a year ago.