American Express Q3 2024 EPS $3.49 Beats $3.28 Estimate, Sales $16.636B Miss $16.669B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Express reported its Q3 2024 earnings with an EPS of $3.49, surpassing the estimate of $3.28. However, its sales of $16.636 billion slightly missed the expected $16.669 billion.
October 18, 2024 | 11:00 am
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NEUTRAL IMPACT
American Express reported better-than-expected EPS for Q3 2024 at $3.49, but sales slightly missed expectations. This mixed result may lead to a neutral to slightly positive short-term impact on the stock.
The EPS beat indicates strong profitability, which is positive for the stock. However, the sales miss could temper investor enthusiasm. The overall impact is likely neutral, with a slight positive bias due to the EPS beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100