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AmEx revenue misses as spending growth moderates
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Jul 18, 2012
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<p><a href="http://news.yahoo.com/american-express-quarterly-profit-rises-marginally-202315700--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/XLXiEaXzUgjZtb6czS0epQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-07-18T204506Z_1_CBRE86H1KLN00_RTROPTP_2_AMEX.JPG" width="130" height="86" alt="American Express and American Express corporate cards are pictured in Encinitas" align="left" title="American Express and American Express corporate cards are pictured in Encinitas" border="0" /></a>(Reuters) - Credit card company American Express Co's second-quarter revenue marginally missed Wall Street estimates as cardmember spending growth moderated amid low consumer confidence. U.S. retail sales fell in June for the third straight month, the longest run of consecutive drops since 2008, and consumer sentiment is now at its lowest level in seven months as Americans take a dim view of their finances and job prospects. "Overall cardmember spending rose 7 percent, or 9 percent adjusted for foreign currency translations. ...</p><br clear="all"/>
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