The Traderszone Network

Published in TZ Latest News 21 January, 2016 by The TZ Newswire Staff

AmEx shares fall as 2016 earnings outlook disappoints

AmEx shares fell about 3.7 percent to $60.35 in extended trading following the company’s 2016 earnings forecast of $5.40-$5.70 per share. Chief Executive Officer Kenneth Chenault did not specify he size of the expected gain from the Costco portfolio sale during the company’s earnings conference call.