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American Electric Power announced earnings per share of $1.02 on revenue of $3.7B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $4.48B. That with comparison to EPS of $1.19 on revenue of $4.1B in the same period a year before. American Electric Power had reported EPS of $0.6 on revenue of $3.6B in the previous quarter. Analysts are expecting EPS of $0.99 and revenue of $4B in the upcoming quarter.
American Electric Power shares are down 11% from the beginning of the year , still down 20.63% from its 52 week high of $104.97 set on February 4. They are outperforming the S&P 500 which is down 11.6% year to date.
American Electric Power’s report follows an earnings beat by NextEra Energy on April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had missed expectations on Tuesday with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.1 on revenue of $4.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
