AEP: Q2 Earnings Snapshot
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — American Electric Power Co. (AEP) on Tuesday reported second-quarter earnings of $340.3 million.
The Columbus, Ohio-based company said it had profit of 64 cents per share. Earnings, adjusted for non-recurring costs, were $1.25 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The utility posted revenue of $4.58 billion in the period.
AEP shares have risen 20% since the beginning of the year, while the S&P's 500 index has climbed 15%. The stock has increased 14% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEP at https://www.zacks.com/ap/AEP