AXP Preview: Be Braced for the Worst By Scott Rothbort About this article: American Express is slated to report third-quarter results and conduct its conference call after the market closes on Monday. The company is expected to earn 59 cents per share on net revenue of $7.31 billion. In the year-ago period, American Express earned 90 cents per share on net revenue of $6.95 billion. I would note that just in the past week consensus estimates for the credit card and travel services company have declined by 5 cents. Recall that in July American Express reported a truly horrible quarter when it posted EPS of 56 cents, missing consensus estimates by nearly one-third. American Express is clearly hurting from the current economic slowdown. Business travel is being severely curtailed with the loss of financial services corporate travel quite apparent. High energy costs during the summer and recessionary forces also put a dent in consumer-based travel. Both transaction volumes and dollar... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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