American Express Co. Profit Retreats In Q4, misses estimates

(RTTNews) - American Express Co. (AXP) announced earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $1.57 billion, or $2.07 per share. This compares with $1.72 billion, or $2.18 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $2.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.7% to $14.18 billion from $12.15 billion last year.

American Express Co. earnings at a glance (GAAP) :

-Earnings (Q4): $1.57 Bln. vs. $1.72 Bln. last year. -EPS (Q4): $2.07 vs. $2.18 last year. -Analyst Estimates: $2.22 -Revenue (Q4): $14.18 Bln vs. $12.15 Bln last year.