NEW YORK (AP) — 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.
Portions of this story were 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