American Express Reaffirms FY23 Outlook: EPS $11.00 - $11.40 Vs. $11.04 Estimate, Revenue Growth of 15%-17% Vs. $$61.23B Estimate.
Portfolio Pulse from Benzinga Newsdesk
American Express has reaffirmed its FY23 outlook, with an expected EPS of $11.00 - $11.40 and revenue growth of 15%-17%. This is in line with the company's previous guidance provided in January.
July 21, 2023 | 11:02 am
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American Express reaffirms its FY23 outlook, which aligns with previous estimates. This could indicate stability and confidence in the company's future performance.
Reaffirming guidance is generally seen as a positive sign that a company is confident in its ability to meet its targets. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
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