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Shares of American Express Co.
AXP, -1.44%
rose 0.7% in the extended session Thursday after the credit card company reported third-quarter earnings above Wall Street expectations and raised its full-year guidance. American Express said it earned $ 1.65 billion, or $ 1.88 a share, in the quarter, compared with $ 1.36 billion in the year-ago period. Revenue rose 9% to $ 10.14 billion, from $ 9.29 billion a year ago. Analysts polled by FactSet had expected the company to report $ 1.77 a share on sales of $ 10.06 billion. The company said it expects full-year 2018 revenue to be up 9% to 10% and EPS growth between $ 7.30 a share and $ 7.40 a share, up from a previous range of $ 6.90 a share and $ 7.30 a share. "Chief Executive Officer Stephen J. Squeri said in a statement. Shares ended the regular trading session down 1.4%.
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