AEP: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 07:57 AM ET
Last Updated - Jun 22, 2023, 07:59 PM EDT
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — American Electric Power Co. (AEP) on Thursday reported fourth-quarter earnings of $384.3 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of 75 cents. Earnings, adjusted for non-recurring costs, were $1.05 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The utility posted revenue of $4.88 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.26 billion.
