Credit-card company American Express handed in earnings and revenue that easily beat analysts' estimates. Earnings per share, excluding certain items, came in at $1.23 on $8.39 billion in revenue.
Analysts had expected American Express to report earnings of about $1.12 a share on $8.34 billion in revenue, according to a consensus estimate from Thomson Reuters.
AmEx shares rose on the immediate news but soon reversed course.
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