American Express (AXP) Reports Q2 EPS of $0.56, Below Estimates; Guides Lower
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American Express Company (NYSE: AXP) reports Q2 EPS of $0.56, which includes charges and so may not compare to the analyst estimate of $0.83. Revenues for the quarter were $7.5 billion, versus the consensus of $7.60 billion.
No longer tracking on prior view of 4-6% EPS growth. Earnings decline due to additional credit reserves.
American Express Company, a payments and travel company, provides charge and credit payment card products, and travel-related services worldwide.
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