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

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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Comments (3)
  • ippotr
    , contributor
    Comments (51) | Send Message
     
    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 2013, 09:11 PM Reply Like
  • SoCalNative
    , contributor
    Comments (548) | Send Message
     
    Wow!
    11 Jan 2013, 12:42 AM Reply Like
  • BruceInKY
    , contributor
    Comments (437) | Send Message
     
    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 2013, 06:52 AM Reply Like
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