American Express Company
) announced Q2 earnings after the bell today. The company
posted earnings of $1.43 per share, beating the Zacks Consensus
Earnings Estimate of $1.38, and showed revenues of $8.66 billion,
just below the Zacks Consensus Revenue Estimate of $8.67
The EPS of $1.43 is a 12.6% year over year growth, and Revenues of
$8.66 billion is up 5% year over year.
Management stated that the company saw increased volumes across the
board in every category in the U.S. and Internationally. This
statement alleviated many fears that the International segment
would be under-pressure due to the deluge of international
conflicts impacting the global economy.
The company also stated that they saw a 9% increase in card
spending. Again easing fears that spending would decrease in
the second quarter.
While AXP showed solid Q2 numbers, Panera Bread missed on both the
top and bottom lines.
) posted Q2 EPS of $1.74, a penny below the Zacks Consensus
Earnings Estimate, and revenues came in $9 million below the Zacks
Consensus Revenue Estimate of $640 million. EPS showed 0%
growth from the year ago numbers, and Revenues posted a 7.1% growth
from the year ago numbers. Also, the Q2 EPS included a
one-time $0.08 benefit from the resolution of an insurance matter.
The area where everyone was concentrating was Same Store Sales
growth; the consensus mark was 1.8% growth, but Panera posted SSS
growth of 0.1%. Further, due to this weakness the company
revised their Q3 EPS estimates and FY 2014 EPS estimates; Q3 has
dropped from the Zacks Consensus Earnings Estimate of $1.54 to a
range of $1.40-$1.46, and FY 2014 has declined from the Zacks
Consensus Earnings Estimate of $6.87 to a range of
In afterhours trading, American Express is up under 1% on mild
volume, while Panera saw an initial decline in value immediately
after the earnings announcement. But, about a half hour after
the close, shares of Panera have begun to rally, and are up just
above 3% on light volume.
Tomorrow, Zacks will publish a detailed earnings report on both
American Express, and Panera Bread.
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AMER EXPRESS CO (AXP): Free Stock Analysis
PANERA BREAD CO (PNRA): Free Stock Analysis
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