American Electric Power Co Inc Q2 adjusted earnings Beat Estimates

(RTTNews) - American Electric Power Co Inc (AEP) announced earnings for its second quarter that climbed from the same period last year.

The company's profit totaled $520.8 million, or $1.05 per share. This compares with $461.3 million, or $0.93 per share, in last year's second quarter.

Excluding items, American Electric Power Co Inc reported adjusted earnings of $533.5 million or $1.08 per share for the period.

Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $3.5 billion from $3.6 billion last year.

American Electric Power Co Inc earnings at a glance:

-Earnings (Q2): $533.5 Mln. vs. $493.6 Mln. last year. -EPS (Q2): $1.08 vs. $1.00 last year. -Analysts Estimate: $1.06 -Revenue (Q2): $3.5 Bln vs. $3.6 Bln last year.

-Guidance: Full year EPS guidance: $4.25 - $4.45