© Reuters. American Electric Power Earnings, Revenue Beat in Q1
Investing.com – American Electric Power (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
American Electric Power announced earnings per share of $1.22 on revenue of $4.6B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $4.57B.
American Electric Power shares are down 26.01% from the beginning of the year, still down 5.04% from its 52 week high of $104.81 set on April 6. They are under-performing the S&P 500 which is down 12.22% from the start of the year.
American Electric Power follows other major Utilities sector earnings this month
American Electric Power’s report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Southern had beat expectations on Thursday with first quarter EPS of $0.97 on revenue of $6.65B, compared to forecast for EPS of $0.8956 on revenue of $5.98B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Be the first to comment