The profits of America express they double in the fourth quarter but disappoint (slightly) analysts' expectations.
Increased use of credit cards by consumers this past holiday season drove “swipes” with America Express up 7,9% to a total of $254 billion and group profits to $1,31 billion. dollars, against 637 million the year before. Numbers that provide an indicator of US consumer sentiment.
Earnings per share settled at $1,21 from last year's 56 cents. Excluding extraordinary restructuring costs and litigation expenses, earnings per share rose $1,09 to $1,25, while analysts had expected a slightly better result at $1,26.
On the other hand, revenues grew beyond expectations, which in the quarter increased by 5% to 8,55 billion, against the 8,4 billion expected.
