American Express Co. (NYSE: AXP) reported second quarter earnings after markets closed today. Earnings per share rose to $1.27, up 5% over EPS in the second quarter of 2012. Revenue was also up, to $8.25 billion, just short of the consensus estimate for revenues of $8.28. Shares are down about 1% in after-hours trading at $76.00 in a 52-week range of $53.02 to $78.63. Check our take on the company’s reply to the European Union.
EBay Inc. (NASDAQ: EBAY) reported adjusted EPS of $0.63, a penny short of the consensus estimate on revenues of $3.9 billion, in line with the consensus estimate. But then things went awry. The online auction company chopped its third quarter revenue estimate to $3.85 to $3.95 billion, below the consensus estimate of $3.97 billion and cut its EPS estimate to a new range of $0.61 to $0.63, below the consensus estimate of $0.65. Full-year revenues remain in line, in a range of $16 to $16.5 billion, but the consensus adjusted EPS for the year of $2.75 is now at the high end of eBay’s new estimated range of $2.70 to $2.75. Shares are trading down about 6% at $54.02 in a 52-week range of $38.06 to $58.04.
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