American Express (AXP) was expected to report earnings of 86 cents a share on sales of $7.49 million for the second quarter
The company reported second quarter EPS of $.88 vs $.76 last year.
Revenue net of interest expense was $7.13 billion vs $6.54 billion in the quarter last year.
Net income for the quarter also totaled $1.1 billion, up 12 percent from $945 million a year ago.
The company said: "Spending on American Express cards rose 15 percent and we added more than 2 million cards during the last three months.
Wall St. was not much impressed. The stock dropped about .5% after hours.
Douglas A. McIntyre
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