American Electric Power Co Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - American Electric Power Co Inc (AEP) announced a profit for its first quarter that increased from last year.

The company's profit came in at $572.8 million, or $1.16 per share. This compares with $454.4 million, or $0.92 per share, in last year's first quarter.

Excluding items, American Electric Power Co Inc reported adjusted earnings of $584.8 million or $1.19 per share for the period.

Analysts had expected the company to earn $1.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $4.1 billion from $4.0 billion last year.

American Electric Power Co Inc earnings at a glance:

-Earnings (Q1): $584.8 Mln. vs. $473.2 Mln. last year. -EPS (Q1): $1.19 vs. $0.96 last year. -Analysts Estimate: $1.05 -Revenue (Q1): $4.1 Bln vs. $4.0 Bln last year.

-Guidance: Full year EPS guidance: $4.00 - $4.20