The Traderszone Network

Published in TZ Latest News 21 October, 2015 by The TZ Newswire Staff

AmEx profit misses estimates as costs rise, dollar hurts

The company’s net income attributable to common shareholders fell to $1.23 billion, or $1.24 per share, in the third quarter ended Sept. 30, from $1.47 billion, or $1.40 per share, a year earlier. Analysts on average had expected earnings of $1.31 per share, according to Thomson Reuters I/B/E/S. The New-York based company’s shares fell about 2.6 percent to $74.50 in after-market trading on Wednesday.