American Express Raised Its Revenue Guidance and Left Its Earnings Guidance Alone. Here's Where the Extra Money Is Going.
· finance.yahoo.com
The disparity seems alarming, but there's a perfectly good reason for what won't become a long-term norm. In fact, there's a net upside for patient shareholders.
All in all, last quarter was another good one for credit card outfit American Express (NYSE: AXP). Total revenue grew 10% year over year to $19.6 billion, pushi...