American Express on Thursday reported first-quarter profit that beat Wall Street expectations but revenue that missed projections, citing "significant impact" from a stronger U.S. dollar on its international business.
The financial services company posted first-quarter earnings of $1.48 per share, up from $1.33 per share in the year-earlier period. Revenue for the quarter came in at $7.95 billion, lower than the comparable year-ago figure of $8.2 billion.
Shares fell 1 percent in extended trading Thursday.
It backed its previous full-year guidance, advising that earnings would stay flat or fall slightly. The company cited currency headwinds and investments to offset losses from ending its partnership with Costco Wholesale when its current agreement expires next April.