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American Express: Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported fourth-quarter net income of $2.46 billion.

On a per-share basis, the New York-based company said it had net income of $3.53.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.

The credit card issuer and global payments company posted revenue of $18.98 billion in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $18.82 billion.

American Express expects full-year earnings to be $17.30 to $17.90 per share.

American Express shares have decreased 3% since the beginning of the year, while the S&P’s 500 index has climbed nearly 2%. The stock has risen 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXP at https://www.zacks.com/ap/AXP

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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