American Express Company AXP reported first-quarter 2018 adjusted earnings per share (EPS) of $1.86, beating the Zacks Consensus Estimate by 8.77%. Moreover, the bottom line witnessed a marked 38% year-over-year improvement.American Express Company Price, Consensus and EPS Surprise American Express Company Price, Consensus and EPS Surprise | American Express Company Quote Better-than-expected results were mainly backed by growth in card billed business, an increase in total cards in force, higher Card Member spending and a lower tax rate. The company continues to witness strong loan growth and credit metrics. The quarter witnessed a double-digit rise in billed business, revenues and earnings.Delving DeeperRevenues came in at $9.7 billion, 0.47% ahead of the Zacks Consensus Estimate of $8.72 billion. The top line increased 12% year over year on higher Card Member spending, loans and fee income plus growth across the business lines.Provisions for loss totaled $755 million, up 35% year over year, which is attributable to growth in the loan portfolio and an increase in the lending write-off and delinquency rates.Total expenses of $6.9 billion increased 9% year over year due to an increase in rewards expenses and other costs associated with increased Card Member spending, higher usage of card benefits and continued investments in cobrand partnerships.The effective tax rate was 22%, denoting a fall from 32% in the year-ago quarter, courtesy of the tax reform.Segment ResultsAmerican Express’ U.S. Consumer Services segment reported net income of $640 million, up 30% year over year. Total revenues, net of interest expense of $3.7 billion, were up 13% year over year, reflecting higher loans and Card Member spending as well as benefit of the Hilton portfolio acquisition.International Consumer and Network Services’ net income amounted to $291 million, up 15% year over year. Total revenues, net of interest expenses, climbed 12% (on a currency adjusted basis) year over year to $1.8 billion, primarily on the back of higher Card Member spending and net card fees.Global Commercial Services’ net income of $552 million surged 35% year over year. Total revenues, net of interest expenses, increased 9% year over year to $3 billion, primarily reflecting higher Card Member spending.Global Merchant Services’ net income rose 32% year over year to $472 million in the reported quarter. Total revenues, net of interest expenses, increased 10% year over year to $1.2 billion on higher Card Member spending, partially offset by a lower discount rate.Corporate and Other reported net loss of $321 million, wider than $261 million loss incurred in the year-ago quarter.2018 GuidanceBased on first-quarter results and solid trends for the remaining year, the company foresees full-year earnings per share at the high end of $6.90-$7.30 range. Revenues are expected to increase at least 8%.Zacks RankAmerican Express carries a Zacks Rank #3 (Hold).Other Upcoming ReleasesHere are some other stocks, poised to beat on earnings this quarter owing to a strong Zacks Rank as well as a positive Earnings ESP:CIT Group Inc. CIT is set to report first-quarter earnings on Apr 24. the company has an Earnings ESP of +1.54% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Moody's Corporation MCO is set to report first-quarter earnings on Apr 27. It has an Earnings ESP of +1.49% and a Zacks Rank #2 (Buy).MoneyGram International Inc. MGI is set to report first-quarter earnings on May 3. This Zacks #3 Ranked stock has an Earnings ESP of +5.88%.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Moody's Corporation (MCO): Free Stock Analysis Report MoneyGram International Inc. (MGI): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report CIT Group Inc. (CIT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research