AEP: Q1 Earnings Snapshot | AP News

COLUMBUS, Ohio (AP) _ American Electric Power Co. (AEP) on Thursday reported first-quarter net income of $714.7 million.

The Columbus, Ohio-based company said it had profit of $1.41 per share. Earnings, adjusted for non-recurring gains, were $1.22 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The utility posted revenue of $4.6 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $4.5 billion.

AEP expects full-year earnings in the range of $4.87 to $5.07 per share.

AEP shares have risen 12% since the beginning of the year, while the S&P’s 500 index has fallen 12%. The stock has climbed 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEP at https://www.zacks.com/ap/AEP