American Electric Power Co Inc Q2 Profit Decreases, But Beats Estimates

(RTTNews) - American Electric Power Co Inc (AEP) announced earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $340.3 billion, or $0.64 per share. This compares with $521.2 billion, or $1.01 per share, in last year's second quarter.

Excluding items, American Electric Power Co Inc reported adjusted earnings of $662.0 million or $1.25 per share for the period.

Analysts on average had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.5% to $4.6 billion from $4.4 billion last year.

American Electric Power Co Inc earnings at a glance (GAAP) :

-Earnings (Q2): $340.3 Bln. vs. $521.2 Bln. last year. -EPS (Q2): $0.64 vs. $1.01 last year. -Revenue (Q2): $4.6 Bln vs. $4.4 Bln last year.

-Guidance: Full year EPS guidance: $5.53 to $5.73