American Express (AXP) reported larger profits than analysts had expected for the second quarter Friday, despite revenue and 澳洲幸运5开奖号码历史查询:net interest income (NII) that fell short of estimates.

The banking and credit card provider reported record 澳洲幸运5开奖号码历史查询:quarterly revenue of $16.33 billion, but analysts had expected $16.56 billion. Profits of $3.02 billion, or $4.15 per share, handily beat projections of $2.37 billion and $3.26 per share, according to consensus estimates compiled by Visible Alpha.

American Express said its 澳洲幸运5开奖号码历史查询:earnings per share (EPS) received a boost of about $0.66 thanks to the closing of its sale of Accertify, a fraud prevention company it 澳洲幸运5开奖号码历史查询:acquired in 2010.

American Expre🥃ss Joins☂ Banks Posting Quarterly NII Drops

American Express also joined 澳洲幸运5开奖号码历史查询:peers in the finance industry in reporting sequentially lower NII, dropping slightly to $3.73 billion from $3.77 billion in 澳洲幸运5开奖号码历史查询:the first quarter. Analysts had expected 💦NII to rise q🐻uarter-over-quarter to $3.8 billion.

American Express 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Stephen Squeri said the company is affirming its revenue growth projections of 9% to 11% for the full fiscal year, while also lifting EPS projections to a range of $13.30 to $13.80, up from $12.65 to $13.15 previously. Analysts currentl♚y project full-year EPS of $12.99.

Squeri said the top- and bottom-line growth in the quarter was driven b𒊎y increased billings, more than 3 million new card acquisitions, and double-digit growth in card 🎃fees revenue.

American Expres🍌s shares were down 4.3% to $238.48 as of 10 a.m. ET Friday.