Breaking News Bar
updated: 1/18/2013 7:02 AM

American Express' 4Q earnings fall

hello
Success - Article sent! close
  • American Express' net income fell 47 percent in the fourth quarter.

      American Express' net income fell 47 percent in the fourth quarter.
    Associated Press

 
Associated Press

American Express' net income fell 47 percent in the fourth quarter, as the credit card issuer racked up charges related to restructuring costs and other expenses. The company's adjusted earnings beat Wall Street estimates.

For the three months ended Dec. 31, net income fell to $637 million, or 56 cents per share. That compares with net income of $1.2 billion, or $1.01 per share, in the same period last year. Revenue in the latest quarter grew 5 percent to $8.14 billion.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

SPENDING UP: Spending by American Express cardholders rose 8 percent.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.