American Express Beats Estimates (AXP)

American Express (NYSE: AXP) released quarterly results after the bell today. The company reported EPS of 59 cents per share which was ahead of Wall Street estimates which came in at $0.57. Revenue was just slightly less than the year ago period, at $6.49 billion. Analysts were only expecting revenue of $6.14 billion in the quarter so this was a fairly substantial beat by AXP.

"We still face the challenge of high unemployment levels, depressed real estate values, and shrunken household balance sheets, but the overall economy and our company are in stronger shape than they were a year ago," said Chairman and Chief Executive Kenneth I. Chenault. The shares are down 0.83% in the after hours to $41.81.