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American Electric Power Earnings Miss, Revenue Beats In Q3 -Breaking

by Mike Robinson

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© Reuters. American Electric Power Earnings Are Missing, but Revenue Beats Q3

Investing.com American Electric The third quarter of Power (NASDAQ 🙂 was reported by the company on Thursday. It missed forecasts but generated revenue above expectations.

American Electric Power reported earnings per share at $1.43 on $4.6B in revenue. Investing.com polled analyst to predict EPS at $1.46 on revenues of $4.31B.

American Electric Power shares have increased 7% since the start of the year. However, they are still 10.52% below the 52-week high of $94.21, which was set November 9, 2020. The Dow Jones is still up 15.96% since the beginning of the year, but they are outperforming them.

American Electric Power reports this month on the earnings of other Utilities sectors.

American Electric Power’s October 20 earnings beat was achieved by NextEra Energy, who reported an EPS of 0.75 on revenues of $4.37B. NextEra Energy forecasts EPS at $0.716 and revenue of $5.44B.

Kinder Morgan missed its October 20 expectations with a third quarter EPS at $0.22 per unit on revenue $3.82B. This compares to the $0.237 forecast on revenue $3.26B for EPS at $0.237.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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