American Categorical Firm (NYSE: AXP) reported its second quarter 2024 earnings outcomes immediately.
Consolidated complete revenues, internet of curiosity expense, have been $16.3 billion, up 8% from a 12 months in the past, pushed by larger internet curiosity earnings, elevated Card Member spending, and continued robust card payment development.
Web earnings elevated 39% to $3 billion and EPS rose 44% to $4.15 in comparison with final 12 months. Adjusted EPS was $3.49, up 21% from the prior 12 months.
Earnings beat estimates whereas income missed expectations, inflicting the inventory to fall over 1% in premarket hours on Friday.
The corporate raised its full-year 2024 EPS steering to $13.30-13.80 from the earlier vary of $12.65-13.15. Income development for the 12 months is predicted to be 9/11%.
Prior efficiency
