American Express Co. Reveals Advance In Q3 Profit

(RTTNews) - American Express Co. (AXP) revealed a profit for its third quarter that rose from last year.

The company's bottom line came in at $1.65 billion, or $1.88 per share. This compares with $1.36 billion, or $1.51 per share, in last year's third quarter.

Analysts had expected the company to earn $1.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $10.14 billion from $9.29 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q3): $1.65 Bln. vs. $1.36 Bln. last year. -EPS (Q3): $1.88 vs. $1.51 last year. -Analysts Estimate: $1.76 -Revenue (Q3): $10.14 Bln vs. $9.29 Bln last year.