American Express reported fourth-quarter revenue on Thursday that narrowly missed analysts' expectations and an earnings profit after reporting a loss for the same period a year ago.
Annual profit for the financial services company in 2018 was more than double what it was a year earlier, capping a solid year for AmEx.
Here's how the company did compared with what Wall Street expected:
- Earnings: $1.74 adjusted earnings per share vs. estimates of $1.80 per share forecast by Refinitiv.
- Revenue: $10.47 billion vs. $10.56 billion, forecast by Refinitiv
Shares of the credit card issuer fell roughly 2.5 percent in after-hours trading Thursday.
American Express brought in $10.47 billion in revenue for the fourth quarter of 2018, an 8 percent rise from a year earlier, according to the company. Still, the number was below the $10.56 billion expected by Wall Street.