American Express Profit Slips 4%

American Express Co. , citing the "significant" impact of the stronger U.S. dollar on its international operations, reported late Wednesday its second-quarter profit fell 4% to $1.47 billion, or $1.42 a share, from $1.53 billion, or $1.43 a share, a year ago. Revenue for the three months ended June 30 fell 4% to $8.28 billion from $8.63 billion. Analysts surveyed by FactSet had expected the New York-based credit-card company to earn $1.32 a share on $8.42 billion in revenue. Following the report, American Express shares were down 0.1% in after-hours trade. They ended the regular session with a 0.1% gain at $78.99.