American Express churns on earns in 2Q, but sticks to profit outlook for 2019.
American Express is reporting a profit hike of more than 8% from the second-quarter.
The company on Friday posted net income of $1.76 billion, or $2.07. That’s a 2-cent beat on Wall Street projections, according to a survey by Zacks Investment Research.
Revenue of $10.84 billion also edged out expectations. in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $10.82 billion.
Shares edged slightly lower, however, before the opening bell after the company stuck to per-share annual guidance of between $7.85 and $8.35.