American Categorical Firm (NYSE: AXP) reported its second quarter 2024 earnings outcomes right now.

Consolidated complete revenues, internet of curiosity expense, had been $16.3 billion, up 8% from a yr in the past, pushed by increased internet curiosity earnings, elevated Card Member spending, and continued robust card payment development.

Internet earnings elevated 39% to $3 billion and EPS rose 44% to $4.15 in comparison with final yr. Adjusted EPS was $3.49, up 21% from the prior yr.

Earnings beat estimates whereas income missed expectations, inflicting the inventory to fall over 1% in premarket hours on Friday.

The corporate raised its full-year 2024 EPS steerage to $13.30-13.80 from the earlier vary of $12.65-13.15. Income development for the yr is anticipated to be 9/11%.

Prior efficiency