American Express (AXP) shares fell 2.7% in recent Monday trading after Chief Financial Officer Christophe Le Caillec said Q1 revenue growth would be lower than Q4 growth.
Considering there's one less day this year as 2024 was a leap year, along with the strength of the US dollar being a headwind, "the revenue growth should be either, you know, lower than what we had in Q4 and [earnings per share] should adjust as well accordingly," Le Caillec said during the UBS Financial Services Conference, according to a FactSet transcript.
American Express, however, remains confident in its annual guidance, Le Caillec added.
The company previously said it was expecting 2025 revenue growth of 8% to 10% and EPS of $15 to $15.50. Analysts polled by FactSet expect revenue of $71.66 billion and EPS of $15.31.
Price: 308.37, Change: -8.40, Percent Change: -2.65
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