AmEx Earnings Hit Target; Revenue Is Slight Miss

American Express reported quarterly earnings that were in line with Wall Street's forecasts, but its revenue came in just shy estimates on Wednesday.

Following the earnings announcement, the credit-card company's shares (AXP) fell slightly in after-hours trading. 

The company reported its earnings rose to $1.09 a share in the third quarter from $1.03 per share in the year-earlier period.

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Revenue increased 4 percent to $7.86 billion from $7.57 billion a year ago.

Analysts had expected American Express to post earnings of $1.09 a share on $7.90 billion in revenue, according to a consensus estimate from Thomson Reuters.


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