American Express Boosts FY24 Earnings Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Friday, integrated payments company American Express Co. (AXP) raised its earnings guidance for the full-year 2024, while maintaining annual revenue growth outlook.

For fiscal 2024, the company now projects earnings in a range of $13.30 to $13.80 per share, up from the prior forecast range of $12.65 to $13.15 per share. Meanwhile, the company continues to expect revenue growth of 9 to 11 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.97 per share on revenue growth of 9.7 percent to $66.41 billion for the year. Analysts' estimates typically exclude special items.

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