American Express Company (NYSE:AXP) unfold its second quarter earnings results on Friday 24th July 2020 before market open.
American Express Company unfold quarterly income of $ 0.29 per share, from the revenue of $ 7,675.00 million
The consensus estimate are $ 0.11 loss per share from revenues of $ 8154.52 million.
The second quarter financial report outlined, earnings beat street analysts by $ 0.4 or 363.64 percent, where as revenues fell short of analysts estimates by $ 479.52 million or 5.88 percent.
On the other hand, The quarterly earnings fell 85.99 percent compared with the same quarter last year, at the same time revenues lowered 29.18 percent versus second quarter of last year.
Stephen J. Squeri, Chairman and Chief Executive Officer, said, While our second quarter results reflect the challenges of the current environment, we remain confident that our strategy for navigating this period of uncertainty is the right one. Our customers continue to be engaged with our products and services; we have a productive and dedicated workforce; our capital and liquidity levels remain strong; and we continue to focus on those areas most critical to our long-term growth.
