American Express Q4 2023 GAAP EPS $2.62 Misses $2.64 Estimate, Sales $15.80B Miss $16.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Express reported Q4 2023 earnings with a GAAP EPS of $2.62, missing the consensus estimate of $2.64 by 0.76%. Quarterly sales were $15.80B, falling short of the $16.00B estimate by 1.27%, but marking an 11.46% increase from the same period last year.
January 26, 2024 | 12:01 pm
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NEGATIVE IMPACT
American Express missed Q4 EPS and sales estimates, reporting $2.62 EPS and $15.80B in sales versus expected $2.64 EPS and $16.00B in sales.
Missing both EPS and sales estimates typically leads to a negative short-term reaction in the stock market as it may indicate that the company's performance is not meeting investor expectations. However, the slight nature of the miss and the year-over-year sales growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100