Company news: American Express (AXP) posts mixed quarterly results

American Express (AXP) reported Q2 FY2024 earnings of $3.49 per share (versus $2.89 per share in Q2 FY2023), beating analysts’ consensus estimate of $3.26 per share.

The company’s quarterly revenues amounted to $16.333 bln (+9.2% y/y), missing analysts’ consensus estimate of $16.605 bln.

The company also issued guidance for FY2024, seeing EPS of $13.30-13.80 versus analysts’ consensus estimate of $12.97 and revenues of +9-11% y/y to ~$65.96-67.17 bln versus analysts’ consensus estimate of $66.42 bln.

AXP fell to $244.23 (-1.99%) in pre-market trading.