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American Express Co. Reveals Decline In Q3 Bottom Line

American Express Co. (AXP) reported earnings for third quarter that fell from last year.

The company's bottom line totaled $1.07 billion, or $1.30 per share. This compares with $1.76 billion, or $2.08 per share, in last year's third quarter.

Analysts had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 20.4% to $8.75 billion from $10.99 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q3): $1.07 Bln. vs. $1.76 Bln. last year.
-EPS (Q3): $1.30 vs. $2.08 last year.
-Analysts Estimate: $1.33
-Revenue (Q3): $8.75 Bln vs. $10.99 Bln last year.

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