American Express Q2 2024 Adj EPS $3.49 Beats $3.26 Estimate, Sales $16.330B Miss $16.588B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Express (NYSE: AXP) reported Q2 2024 adjusted EPS of $3.49, beating the estimate of $3.26. However, sales of $16.330 billion missed the $16.588 billion estimate. Sales increased by 8.48% year-over-year.
July 19, 2024 | 11:01 am
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American Express reported Q2 2024 EPS of $3.49, beating estimates, but sales of $16.330 billion missed expectations. Sales increased by 8.48% year-over-year.
While the EPS beat is positive, the sales miss could temper investor enthusiasm. The year-over-year sales growth is a positive sign, but the mixed results may lead to a neutral short-term impact on the stock price.
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