🔴 AXP is trading 5% down today as reaffirmed guidance overshadows Q1 earnings beat

AXP is trading at $316.14 (-5.03%) as shares fell after the company reaffirmed its full-year guidance despite reporting a Q1 earnings beat.

• Revenue reached $18.9B and EPS hit $4.28, but the stock declined as management held the outlook steady amid macroeconomic uncertainty.
• Investor sentiment was pressured by geopolitical tensions in the Middle East and signs of softening airline spending.
• The decline comes amid a broader market pullback, with the S&P 500 trading down 0.56%.