Global Business Travel Group's American Express Global Business Travel Sees FY24 Revenue Of $2.43B - $2.50B Vs. $2.51B Est.
Portfolio Pulse from Benzinga Newsdesk
American Express Global Business Travel, a part of Global Business Travel Group (GBTG), forecasts its FY24 revenue to be between $2.43B and $2.50B, which is slightly below the estimated $2.51B.
March 05, 2024 | 12:51 pm
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Global Business Travel Group (GBTG) forecasts FY24 revenue to be slightly below expectations, at $2.43B to $2.50B versus the estimated $2.51B.
The forecasted revenue being slightly below the estimated figures could lead to a negative short-term impact on GBTG's stock price. Investors often react to earnings forecasts, especially when they do not meet or exceed expectations. In this case, the slight miss in revenue forecast could lead to concerns about growth prospects, potentially affecting investor sentiment and stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100