logo
  

American Electric Power Co Inc Q2 adjusted earnings Beat Estimates

American Electric Power Co Inc (AEP) announced a profit for its second quarter that climbed from last year.

The company's profit came in at $578.2 million, or $1.16 per share. This compares with $520.8 million, or $1.05 per share, in last year's second quarter.

Excluding items, American Electric Power Co Inc reported adjusted earnings of $589.5 million or $1.18 per share for the period.

Analysts had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $3.8 billion from $3.5 billion last year.

American Electric Power Co Inc earnings at a glance:

-Earnings (Q2): $589.5 Mln. vs. $533.5 Mln. last year.
-EPS (Q2): $1.18 vs. $1.08 last year.
-Analysts Estimate: $1.13
-Revenue (Q2): $3.8 Bln vs. $3.5 Bln last year.

-Guidance:
Full year EPS guidance: $4.55 to $4.75

For comments and feedback contact: editorial@rttnews.com

Follow RTT