AEP: 4Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ American Electric Power Co. (AEP) on Thursday reported fourth-quarter net income of $363.4 million.
The Columbus, Ohio-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring gains, were 72 cents per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 72 cents per share.
The utility posted revenue of $3.8 billion in the period.
For the year, the company reported profit of $1.92 billion, or $3.90 per share. Revenue was reported as $16.2 billion.
AEP expects full-year earnings in the range of $4 to $4.20 per share.
AEP shares have climbed 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 percent. The stock has increased 12 percent in the last 12 months.