Amex Lifts Revenue Forecast, Shares Slide on Profit Stance
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- American Express raised its revenue growth forecast on first-half momentum and reported higher sales and profit driven by increased card member spending
- AmEx shares fell despite the earnings beat as the company's unchanged profit outlook weighed on investors
Why it matters: The split reaction — revenue guide upgraded, profit guide held flat, shares down — signals investors wanted both levers pulled, not just the top line, meaning analyst expectations for full-year profit had already drifted above management's own projections.
