American Express Expects Full-Year Earnings Above Prior View
October 21 2022 - 6:36AM
Dow Jones News
By Will Feuer
American Express Co. said it is likely to see its full-year
earnings top its previous guidance after the credit-card company
posted better-than-expected results for the third quarter.
The New York City-based company said it expects full-year
earnings to come in above its forecast of between $9.25 a share and
$9.65 a share. According to FactSet, analysts were already
expecting full-year earnings of about $9.92 a share.
American Express said it still expects full-year revenue growth
of between 23% and 25%.
The view comes after American Express posted higher revenue in
the three months ended Sept. 30, boosted by a surge in travel
spending as well as growth in spending on goods and services.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
October 21, 2022 07:21 ET (11:21 GMT)
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