Earnings Preview Report: American Express (NYSE:AXP)
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6:52 AM, Jul 22, 2010 — American Express (AXP) is due with its Q2 results in today’s after-hours, and analysts polled by Thomson Reuters expect the company to report a profit of $0.78 per share on revenue of $6.8 billion.
AXP favors widening between the sessions in its near-term performance following earnings evenings, adding to its evening trade in next-day action seven times and reversing between the sessions three times in the data we’ve collected.
Looking deeper into the performance data, AXP has seen an after-hours gain in five of the 10 quarters we’ve tracked, and in each instance, the stock has added to its gains in next-day action.
In the five quarters where the stock saw an earnings-driven after-hours decline, it reversed direction in the following regular session in three of five periods.
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