American Express: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2024, 07:31 AM ET
Last Updated - Jul 19, 2024, 07:31 AM EDT
NEW YORK (AP) — NEW YORK (AP) — American Express Co. (AXP) on Friday reported second-quarter profit of $3.02 billion.
On a per-share basis, the New York-based company said it had net income of $4.15. Earnings, adjusted for non-recurring gains, came to $3.49 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.22 per share.
The credit card issuer and global payments company posted revenue of $16.33 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $16.57 billion.
