American Electric Power Co Inc Announces 9% Rise In Q2 Bottom Line

(RTTNews) - American Electric Power Co Inc (AEP) reported a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $465.7 million, or $0.95 per share. This was up from $429.0 million, or $0.88 per share, in last year's second quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $3.80 billion. This was down from $3.90 billion last year.

American Electric Power Co Inc earnings at a glance:

-Earnings (Q2): $465.7 Mln. vs. $429.0 Mln. last year. -Earnings Growth (Y-o-Y): 8.6% -EPS (Q2): $0.95 vs. $0.88 last year. -EPS Growth (Y-o-Y): 8.0% -Analysts Estimate: $0.90 -Revenue (Q2): $3.80 Bln vs. $3.90 Bln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Full year EPS guidance: $3.60 to $3.80