Investing.com - American Electric Power (NASDAQ:AEP) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
American Electric Power announced earnings per share of $1.21 on revenue of $4.01B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $4.04B.
American Electric Power shares are up 6% from the beginning of the year and are trading at $94.69 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 25.84% from the start of the year.
American Electric Power follows other major Utilities sector earnings this month
American Electric Power's report follows an earnings missed by Renew Energy Global on June 15, who reported EPS of $-0.12 on revenue of $232M, compared to forecasts EPS of $0.0849 on revenue of $208.43M.
Azure Power Global had beat expectations on June 15 with first quarter EPS of $0.1771 on revenue of $75.97M, compared to forecast for EPS of $0.1224 on revenue of $71.52M.
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