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American Express is soaring despite announcing its lowest quarterly revenue in more than 5 years

Credit card issuer American Express Co is soaring in trading on Thursday after beating earnings expectations. The firm blew earnings expectations out of the water at $1.20 per share against analyst projections of $0.97 per share. Despite the beats against analyst expectations, the total revenue American Express posted was its lowest quarterly revenue in more than five years on Wednesday as it struggled to make up for the loss of its contract with Costco Wholesale Corp.
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