Amex Q3: $0.74 of $5.42 GAAP EPS (~14%) sits outside adjusted; core EPS growth 13% on 9% revenue
American Express (AXP) reported Q3 this morning: GAAP EPS of $5.42, up 31%, and adjusted EPS of $4.68, up 13%. It also raised its full-year guide to $17.60 to $17.90.
The 31% is flattered. $0.74 a share, about 14% of GAAP EPS, sits outside the adjusted number. Amex also booked a $982M pretax gain on its GBTG sale. Core growth of 13% on revenue up 9% is still solid. Shares were down 1% premarket.
https://x.com/wallstengine/status/2113588357368258661
Sources: @FirstSquawk: Amex booked $982M pretax gain on GBTG sale, billed business $454B · @StockMKTNewz: AXP first move after earnings is down 1%
Not financial advice. For informational and educational purposes only.
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