American Express Co. Q2 Profit Advances 37%

(RTTNews) - American Express Co. (AXP) released earnings for its second quarter that increased from last year.

The company said its bottom line came in at $2.02 billion, or $2.10 per share. This was higher than $1.47 billion, or $1.42 per share, in last year's second quarter.

Analysts had expected the company to earn $1.95 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.5% to $8.24 billion. This was down from $8.28 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q2): $2.02 Bln. vs. $1.47 Bln. last year. -Earnings Growth (Y-o-Y): 37.4% -EPS (Q2): $2.10 vs. $1.42 last year. -EPS Growth (Y-o-Y): 47.9% -Analysts Estimate: $1.95 -Revenue (Q2): $8.24 Bln vs. $8.28 Bln last year. -Revenue Change (Y-o-Y): -0.5%

-Guidance: Full year EPS guidance: $5.19 - $5.49