NEW YORK CITY (dpa-AFX) - American Express Co (AXP) Tuesday reported second-quarter net earnings of $1.53 billion or $1.43 per share, compared with $1.41 billion or $1.27 per share last year.
On average, 27 analysts polled by Thomson Reuters projected earnings of $1.38 per share for the quarter. Analysts' estimates typically exclude special items.
Results for the quarter included a gain of $626 million from the closing of the joint venture transaction for the company's business travel operations.
Revenue, net of interest expense, was up 5 percent to $8.66 billion from $8.25 billion in the prior year. Twenty-four analysts had a consensus revenue estimate of $8.66 billion for the quarter.
Loan-loss provisions for the quarter dropped 6 percent from a year ago to $489 million.
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