American Express: 2Q Earnings Snapshot
Posted July 19, 2019 7:43 am.
NEW YORK (AP) _ American Express Co. (AXP) on Friday reported second-quarter net income of $1.76 billion.
On a per-share basis, the New York-based company said it had net income of $2.07.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The credit card issuer and global payments company posted revenue of $10.84 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $10.82 billion.
American Express expects full-year earnings in the range of $7.85 to $8.35 per share.
American Express shares have risen 35% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has increased 25% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXP at https://www.zacks.com/ap/AXP
The Associated Press
