American Electric Power reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.26 on revenue of $4.3B. Analysts polled by expected EPS of $1.17 on revenue of $4.2B. That compared to EPS of $0.85 on revenue of $4.05B in the same period a year earlier. The company had reported EPS of $1.01 on revenue of $4B in the previous quarter.
For the year, American Electric Power shares are up 3.25%, outperforming the S&P 500 which is down 1.03% year to date.
American Electric Power follows other major Utilities sector earnings this month
On Tuesday, NextEra Energy (NYSE:NEE) reported third quarter EPS of $2.18 on revenue of $4.42B, compared to forecasts of EPS of $2.14 on revenue of $4.94B.
Kinder Morgan (NYSE:KMI) earnings matched analyst's expectations on October 17, with third quarter EPS of $0.21 on revenue of $3.52B. analysts expected EPS of $0.21 on revenue of $3.55B
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