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American Express Co. Announces Fall In Q2 Bottom Line

American Express Co. (AXP) revealed a profit for second quarter that dropped from last year.

The company's earnings totaled $0.26 billion, or $0.29 per share. This compares with $1.76 billion, or $2.07 per share, in last year's second quarter.

Analysts had expected the company to earn -$0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 29.2% to $7.68 billion from $10.84 billion last year.

American Express Co. earnings at a glance:

-Earnings (Q2): $0.26 Bln. vs. $1.76 Bln. last year.
-EPS (Q2): $0.29 vs. $2.07 last year.
-Analysts Estimate: -$0.11
-Revenue (Q2): $7.68 Bln vs. $10.84 Bln last year.

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