American Express Co.’s first-quarter earnings were flat...
From Times Wire Services
American Express Co.’s first-quarter earnings were flat compared to a year ago, but its profit from continuing operations rose 11% as revenue from its corporate travel and regular card businesses soared.
The New York-based company said Thursday that it earned $353 million, or 70 cents a share, up from $353 million, or 69 cents a share, for the 1994 quarter, when American Express still owned Lehman Bros. The brokerage was sold last May.
Profit from continuing business was up 11% from last year, when it was $317 million excluding the Lehman Bros. results.
