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American Electric Power Q1 Non-GAAP Earnings, Revenue Rise; 2024 EPS Guidance Reaffirmed
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American Electric Power Q1 Non-GAAP Earnings, Revenue Rise; 2024 EPS Guidance Reaffirmed
Apr 30, 2024 6:09 AM

08:36 AM EDT, 04/30/2024 (MT Newswires) -- American Electric Power ( AEP ) reported Q1 operating earnings Tuesday, a non-GAAP measure, of $1.27 per share, up from $1.11 a year earlier.

Analysts polled by Capital IQ expected $1.25.

Revenue for the quarter ended March 31 was $5 billion, compared with $4.7 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.05 billion.

The company said it continues to expect 2024 operating earnings of $5.53 to $5.73 per share. Analysts polled by Capital IQ expect $5.60.

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