American Electric Power Earnings Beat Expectations by $0.05, But Profit Falls Short

According to American Electric Power's (NASDAQ: AEP) report, third-quarter earnings per share were $1.85, surpassing analysts' expectations of $1.80 by $0.05. The earnings for this quarter were reported at $5.4 billion, while analyst expectations stood at $5.43 billion.

Guidance for American Electric Power's fiscal year 2024 has set earnings per share in the range of $5.75 to $5.95, compared to analyst forecasts of $5.97.

American Electric Power's stock closed the day at $100.40, reflecting a 2.94% increase over the past three months. Over the last 12 months, the stock has appreciated by 27.33%.

In the last 90 days, American Electric Power saw 4 positive earnings per share reports but recorded 6 negative reports.

You can review how American Electric Power's stock price reacted to previous earnings reports. According to InvestingPro, American Electric Power's financial health score is "Very Good."

Explore the latest earnings reports and all financial information related to American Electric Power. Stay updated on all developments regarding balance sheets by visiting Investing.com's Earnings Calendar.