AXP just released its third quarter fiscal 2016 financial results, posting adjusted diluted earnings of $1.24 and revenue of $7.8 billion. http://www.feelfreemaldives.com/stinterviewpreparation/2016/10/06/some-emerging-facts-on-recognising-fundamental-details-of-osce-for-registrar/AXP is a Zacks Rank #3 (Hold), and is up over 4% to $63.71 per share in after-hours trading shortly after its earnings report was released. Beat earnings estimates . The company posted earnings of $1.24 per share, soaring past the Zacks Consensus Estimate of 96 cents per share. This number excludes a restructuring charge related to cost reduction efforts. Beat revenue estimates . The company saw revenue figures of $7.8 billion, also beating our consensus estimate of $7.665 billion but falling 5% year-over-year. Q3 net income was $41.1 billion, down 10% from the year ago period. It should be noted that credit quality remained strong, and AmEx returned a substantial amount of capital to shareholders through share repurchases and dividends. Year-ago results included business related to the company’s relationship with Costco that ended earlier this year.
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