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American Electric (AEP) Q2 Earnings Beat, Revenues Rise Y/Y
AEPAmerican Electric Power(AEP) ZACKS·2024-07-30 15:10

American Electric Power Company, Inc. (AEP) reported second-quarter 2024 adjusted earnings per share (EPS) of 1.25,whichbeattheZacksConsensusEstimateof1.25, which beat the Zacks Consensus Estimate of 1.23 by 1.6%. The bottom line also improved 10.6% from 1.13recordedintheyearagoquarter.ThecompanyreportedGAAPearningsof64centspersharecomparedwiththeyearagoquartersfigureof1.13 recorded in the year-ago quarter.The company reported GAAP earnings of 64 cents per share compared with the year-ago quarter’s figure of 1.01.Total RevenuesOperating revenues of 4.73billionrose5.64.73 billion rose 5.6% from the year-ago quarter’s level of 4.48 billion.The company reported GAAP revenues o ...