American Specific 4Q revenue fell 15% on virus impression

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NEW YORK (AP) — American Specific Co. says its fourth-quarter internet earnings fell 15% to $1.44 billion because the coronavirus pandemic continued to impression its backside line.

On a per-share foundation, the New York-based firm mentioned Tuesday that it had internet earnings of $1.76, down from $2.03 per share a 12 months earlier.

The outcomes surpassed Wall Road expectations. The common estimate of 9 analysts surveyed by Zacks Funding Analysis was for earnings of $1.26 per share.

The bank card issuer and international funds firm posted income of $9.35 billion within the interval, down 18% from a 12 months in the past and under Road forecasts. Six analysts surveyed by Zacks anticipated $9.4 billion.

American Specific shares have elevated barely because the starting of the 12 months, whereas the Customary & Poor’s 500 index has climbed almost 3%. The inventory has decreased nearly 8% within the final 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on AXP at https://www.zacks.com/ap/AXP



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