U.S, Movers: American Express, Comercia, Crowdstrike, Microsoft, Netflix, SLB

Scott Peters
19 Jul, 2024
New York City

American Express Company declined 3.4% to $240.14, and the payment processing and financial services company reported weaker-than-expected revenue in the second quarter. 

Revenue increased 9% to $16.3 billion from $14.9 billion, net income advanced 39% to $3.0 billion from $2.2 billion, and diluted earnings per share jumped 44% to $3.49 from $2.89 a year ago. 

The company raised its full-year earnings outlook to between $13.30 and $13.80 from the previous range of between $12.65 and $13.15. 

The membership-based card service provider reiterated its annual revenue growth estimate of between 9% and 11%. 

Comercia declined 11.5% to $49.92 after the financial service company said net interest income was lower than a year ago and added that higher rates are negatively impacting loan volume and increasing costs of deposits. 

SLB (formerly Schlumberger NV) increased 1.1% to $49.17 after the oil field service provider reported better-than-expected quarterly results. 

Revenue in the second quarter increased 13% to $9.1 billion from $8 billion, net income rose 8% to $1.1 billion from $1.0 billion, and diluted earnings per share advanced 7% to 77 cents from 72 cents a year ago. 

Netflix increased 0.4% to $644.66 after the streaming service provider reported better-than-expected revenue and earnings in the second quarter, but the company's revenue outlook for the third quarter fell short of some analysts' expectations. 

Crowdstrike Holding declined 9.5% to $310.33 after cybersecurity said a product update caused a global outage of information systems that impacted major airlines, banks, and other large corporations.