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Bank card firm American Specific (NYSE: AXP) Friday reported larger revenues and internet revenue for the fourth quarter of 2023. The numbers, nevertheless, missed Wall Road’s projections.
Whole revenues, internet of curiosity expense, elevated 11% year-over-year to $15.8 billion within the December quarter. The rise was primarily pushed by larger internet curiosity revenue and elevated Card Member spending.
Benefitting from the sturdy income progress, internet revenue superior to $1.93 billion or $2.62 per share in This fall from $1.57 billion or $2.07 per share within the corresponding interval of 2022. The most recent earnings and income numbers missed estimates.