Company news: American Express (AXP) quarterly earnings marginally beat analysts’ estimates

American Express (AXP) reported Q4 FY2024 earnings of $3.04 per share (versus $2.62 per share in Q4 FY2023), slightly beating analysts’ consensus estimate of $3.03 per share.

The company’s quarterly revenues amounted to $17.179 bln (+8.7% y/y), roughly in line with analysts’ consensus estimate of $17.163 bln.

The company issued in-line guidance for FY2025, seeing EPS of $15.00-$15.50 versus analysts’ consensus estimate of $15.24 and revenues of $71.2-$72.5 bln versus analysts’ consensus estimate of $71.27 bln.

American Express also announced plans to increase the regular quarterly dividend on its common shares outstanding by 17%, from $0.70 to $0.82 per share, beginning with Q1 FY2025 dividend declaration.

AXP fell to $314.20 (-3.58%) in pre-market trading.