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American Express down 2% in premarket trade after Q2 revenue miss offsets EPS beat
['Navamya Acharya', 'July', 'Min Read']
Yahoo Finance - Business finance, stock market, quotes, news
Investing.com -- American Express reported second-quarter earnings that beat Wall Street estimates on Friday, but revenue missed expectations, sending shares of the credit card company down more than 2% in premarket trading.
Revenue net of interest expense came in at $19.64 billion, versus the consensus estimate of $19.69 billion.
Platinum Card refresh, and usage of Card Member benefits, as well as higher operating expenses.
American Express raised its full-year 2026 revenue growth guidance to 10% and said it continues to expect full-year earnings per share of $17.30 to $17.90.
"Based on our better-than-expected performance in the first half of the year, we are raising our full-year revenue growth guidance to 10 percent."