Investing.com - American Electric Power (NASDAQ:AEP) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
American Electric Power announced earnings per share of $0.98 on revenue of $4.1B. Analysts polled by Investing.com anticipated EPS of $0.9363 on revenue of $3.73B.
American Electric Power shares are down 11% from the beginning of the year, still down 7.66% from its 52 week high of $91.66 set on January 21. They are broadly in line with the S&P 500 which is down 11.34% from the start of the year.
American Electric Power follows other major Utilities sector earnings this month
American Electric Power's report follows an earnings missed by Duke Energy on February 10, who reported EPS of $0.94 on revenue of $6.24B, compared to forecasts EPS of $0.9615 on revenue of $6.53B.
Southern had beat expectations on February 17 with fourth quarter EPS of $0.36 on revenue of $5.77B, compared to forecast for EPS of $0.3536 on revenue of $4.62B.
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