American Electric Power Earnings Beat, Revenue Misses In Q2

American Electric Power Earnings Beat, Revenue Misses In Q2
imageStock Markets31 minutes ago (Aug 06, 2020 06:58AM ET)

(C) Reuters. American Electric Power Earnings Beat, Revenue Misses In Q2

Investing.com – American Electric Power (NYSE:AEP) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

American Electric Power announced earnings per share of $1.08 on revenue of $3.50B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $3.93B.

American Electric Power shares are down 10% from the beginning of the year, still down 19.19% from its 52 week high of $104.97 set on February 4. They are under-performing the S&P 500 which is up 3% from the start of the year.

American Electric Power’s report follows an earnings beat by NextEra Energy on July 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.

Dominion Energy had beat expectations on July 31 with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.79 on revenue of $3.98B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

American Electric Power Earnings Beat, Revenue Misses In Q2

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