American Express: raises EPS guidance range for 2018
(CercleFinance.com) - On publishing Q3 results that are higher than expected, American Express now says that it is expecting adjusted FY 2018 EPS of between 7.
30 dollars and 7.40 dollars, against a previous target range of 6.90 dollars to 7.30 dollars, which it provided at the beginning of 2018, for revenue growth of 9% to 10%.
The payment solutions group posted net income that is up 22% at 1.7 billion dollars for the past quarter, or 1.88 dollar per share, while the market consensus was expecting twelve cents lower.
Revenues net of interest expenses increased 9% to a record 10.1 billion dollars, supported by higher cardholder spending, as well as higher loan volumes and fee income.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
30 dollars and 7.40 dollars, against a previous target range of 6.90 dollars to 7.30 dollars, which it provided at the beginning of 2018, for revenue growth of 9% to 10%.
The payment solutions group posted net income that is up 22% at 1.7 billion dollars for the past quarter, or 1.88 dollar per share, while the market consensus was expecting twelve cents lower.
Revenues net of interest expenses increased 9% to a record 10.1 billion dollars, supported by higher cardholder spending, as well as higher loan volumes and fee income.
Copyright (c) 2018 CercleFinance.com. All rights reserved.