American Electric Power (AEP) reported fourth quarter earnings of $238 million or $0.50 per share, compared to $152 million or $0.38 per share last year.
Ongoing earnings were $238 million or $0.50 per share, compared to $237 million or $0.59 per share in the prior year quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share. Analysts' estimates typically exclude special items.
Revenue grew to $3.3 billion from $3.2 billion in the same quarter a year earlier.
Three analysts estimated revenues of $3.54 billion.
AEP reaffirmed its ongoing earnings guidance range for 2010 of between $2.80 and $3.20 per share.
Analysts expect the company to earn $3.06 per share.
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