American Express Co. (AXP) Tops Q2 EPS by 6c
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Price: $237.10 -0.84%
EPS Growth %: +38.8%
Financial Fact:
Other: 11M
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: +38.8%
Financial Fact:
Other: 11M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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American Express Co. (NYSE: AXP) reported Q2 EPS of $1.27, $0.06 better than the analyst estimate of $1.21. Revenue for the quarter came in at $8.25 billion versus the consensus estimate of $8.32 billion.
“We generated record bottom line results this quarter despite an uneven global economy,” said Kenneth I. Chenault, chairman and chief executive officer. “Cardmember spending grew by 7 percent (8 percent adjusted for foreign currency translations), with broad-based gains throughout the business both here in the U.S. and internationally. We continued to build our cardmember loan portfolio while maintaining credit indicators at historically strong levels.
“We are well on track with the restructuring and related initiatives that we announced earlier this year. They are helping us contain expense growth and that, in turn, is giving us the flexibility to make substantial investments designed to grow the business and expand into newer segments of the market.
“We continue to believe that maintaining a lean operating structure will be a critical component of delivering shareholder value in the current environment.”
For earnings history and earnings-related data on American Express Co. (AXP) click here.
“We generated record bottom line results this quarter despite an uneven global economy,” said Kenneth I. Chenault, chairman and chief executive officer. “Cardmember spending grew by 7 percent (8 percent adjusted for foreign currency translations), with broad-based gains throughout the business both here in the U.S. and internationally. We continued to build our cardmember loan portfolio while maintaining credit indicators at historically strong levels.
“We are well on track with the restructuring and related initiatives that we announced earlier this year. They are helping us contain expense growth and that, in turn, is giving us the flexibility to make substantial investments designed to grow the business and expand into newer segments of the market.
“We continue to believe that maintaining a lean operating structure will be a critical component of delivering shareholder value in the current environment.”
For earnings history and earnings-related data on American Express Co. (AXP) click here.
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