American Electric Power (AEP) Misses Q1 EPS by 3c

American Electric Power (NYSE: AEP) reported Q1 EPS of $0.96, $0.03 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $4 billion versus the consensus estimate of $4.02 billion.

Our performance in the first quarter demonstrates that we can continue to deliver solid earnings results through our focus on our regulated businesses and investments that enhance service for customers. The ongoing benefits of those investments, combined with strong economic signals, support our confidence in achieving our 2018 operating earnings guidance range of $3.75 to $3.95 per share," said Nicholas K. Akins, AEP chairman, president and chief executive officer.

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