American Electric Power Q3 2024 EPS $1.85 Beats Estimates, Revenue $5.4B Misses $5.57B Estimate

American Electric Power Company (AEP) reported its third-quarter earnings for 2024, revealing an earnings per share (EPS) of $1.85, surpassing analyst expectations of $1.80. However, the company's revenue of $5.4 billion fell short of estimates, which were projected at $5.57 billion. Compared to the previous year, AEP's revenue increased by 1.89%, while the EPS showed a year-over-year growth of 4.52%. For the full fiscal year, AEP anticipates an EPS between $5.55 and $5.65, a slight adjustment from its earlier forecast of $5.56 to $5.76. The results reflect AEP's ongoing efforts to implement a new growth rate and capital plan.