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American Express (AXP) reports early with Q4 EPS of $1.09, beating expectations by $0.03....

Thursday, January 10, 4:27 PM ET
American Express (AXP) reports early with Q4 EPS of $1.09, beating expectations by $0.03. Revenue of $8.1B is roughly inline. The company is eliminating 5.4K jobs (about 8.5% of workforce) and expects staffing levels at year-end to be 4-6% less than the current level. Conference call is set for 5 ET. Shares +1.1% AH. (PR)

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This news story has 3 comments:

ippotr Comments (42)

The Govt has just reported that the unemployment just fell to 5% after Amex just decided to cut 5.4k jobs. Apparently none of them will seek any employment after the cut, so they dont count.

10 Jan, 09:11 PM Reply Like

SoCalNative Comments (116)

Wow!

11 Jan, 12:42 AM Reply Like

BruceInKY Comments (295)

Ought to be able to find at least 8.5% who voted for Dear Leader and furlough the most enthusiastic among them first...that would mean starting with Chenault.

11 Jan, 06:52 AM Reply Like

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