Investing.com - American Electric Power (NASDAQ:AEP) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
American Electric Power announced earnings per share of $1.62 on revenue of $5.50. Analysts polled by Investing.com anticipated EPS of $1.55 on revenue of $4.72B.
American Electric Power shares are down 4% from the beginning of the year and are trading at $87.45 , down-from-52-week-high.
American Electric Power follows other major Utilities sector earnings this month
American Electric Power's report follows an earnings beat by Southern on Thursday, who reported EPS of $1.35 on revenue of $8.38B, compared to forecasts EPS of $1.3 on revenue of $6.84B.
Xcel Energy had missed expectations on Thursday with third quarter EPS of $1.18 on revenue of $4.08B, compared to forecast for EPS of $1.26 on revenue of $3.92B.
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