American Express second quarter net profit of 1.02 billion up by double
YORK July 23 morning news, according to foreign media reported yesterday, the largest U.S. credit card issuer American Express (American Express Co) today announced second quarter fiscal year 2010 earnings. The report shows that American Express second quarter net profit tripled because of increased consumer spending, and reduced the number of borrowers default.
report, American Express second quarter from continuing operations net profit was 10.2 billion U.S. dollars, 84 cents per diluted share, the performance is far better than last year, but also beyond the analysis Teachers had expected. The second quarter of fiscal 2009, American Express from continuing operations net profit was 3.42 million, 9 cents per diluted share. Bloomberg News survey shows that analysts on average expected earnings per share for the second quarter, American Express, 77 cents.
American Express Second quarter net revenues of 6.86 billion U.S. dollars, more than last year 13%. (Jin-liang)
