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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (12497)	12/12/2001 8:43:56 AM
From: JustTradeEm	Read Replies (2) \| Respond to of 99280

American Express warns ..... 15% below estimates ... JB

To: sylvester80 who wrote (12497)	12/12/2001 8:48:49 AM
From: Softechie	Respond to of 99280

It's probably news from AXP. More layoffs. American Express (AXP) 34.26: Co reduces Q4 earnings outlook to $0.34-$0.36, approx. "the low end of the current range of analyst forecasts." Current Multex consensus for the qtr is $0.41, with a range of $0.35-$0.53. AXP also announces 5,500-6,500 job cuts. American Express (AXP) 34.26: -- Update -- Travel sales for Oct declined 46% from yr-ago and was down approx. 38% in Nov. Roughly half the reductions in staff are taking place in the travel businesses. AXP expects to take Q4 charge of $240-$280 mln pre-tax.