American Express Reports Second Quarter Earnings
Business Wire
Posted: 2008-07-21 16:17:00
American Express Company (NYSE: AXP) today reported
second-quarter income from continuing operations of $655 million, down
37 percent from $1.0 billion a year ago. Diluted earnings per share from
continuing operations were $0.56, down 35 percent from $0.86 a year ago.
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(Millions, except per share amounts)
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|
|
|
|
|
|
|
|
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Quarters Ended
June 30,
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Percentage
Inc/(Dec)
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|
Six Months Ended
June 30,
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Percentage
Inc/(Dec)
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|
|
|
2008
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|
|
|
2007
|
|
|
|
|
2008
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|
|
|
2007
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|
|
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Revenues net of interest expense
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$
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7,484
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|
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$
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6,938
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|
8
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%
|
|
$
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14,670
|
|
|
$
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13,422
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|
9
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%
|
|
|
|
|
|
|
|
|
|
|
|
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Income From Continuing Operations
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$
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655
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|
|
$
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1,040
|
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(37
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)%
|
|
$
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1,629
|
|
|
$
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2,135
|
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(24
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)%
|
|
(Loss) Income From Discontinued Operations
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$
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(2
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)
|
|
$
|
17
|
|
#
|
|
|
$
|
15
|
|
|
$
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(21
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)
|
#
|
|
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Net Income
|
$
|
653
|
|
|
$
|
1,057
|
|
(38
|
)%
|
|
$
|
1,644
|
|
|
$
|
2,114
|
|
(22
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)%
|
|
|
|
|
|
|
|
|
|
|
|
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Earnings Per Common Share - Basic:
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|
|
|
|
|
|
|
|
|
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Income From Continuing Operations
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$
|
0.57
|
|
|
$
|
0.88
|
|
(35
|
)%
|
|
$
|
1.41
|
|
|
$
|
1.80
|
|
(22
|
)%
|
|
Income (Loss) From Discontinued Operations
|
$
|
–
|
|
|
$
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0.02
|
|
#
|
|
|
$
|
0.02
|
|
|
$
|
(0.01
|
)
|
#
|
|
|
Net Income
|
$
|
0.57
|
|
|
$
|
0.90
|
|
(37
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)%
|
|
$
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1.43
|
|
|
$
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1.79
|
|
(20
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)%
|
|
|
|
|
|
|
|
|
|
|
|
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Earnings Per Common Share – Diluted:
|
|
|
|
|
|
|
|
|
|
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Income From Continuing Operations
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$
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0.56
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|
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$
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0.86
|
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(35
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)%
|
|
$
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1.40
|
|
|
$
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1.77
|
|
(21
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)%
|
|
Income (Loss) From Discontinued Operations
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$
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–
|
|
|
$
|
0.02
|
|
#
|
|
|
$
|
0.01
|
|
|
$
|
(0.02
|
)
|
#
|
|
|
Net Income
|
$
|
0.56
|
|
|
$
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