financetom
Business
financetom
/
Business
/
American Electric Power's Q3 Non-GAAP Earnings, Revenue Rise; Narrows 2024 Earnings Guidance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
American Electric Power's Q3 Non-GAAP Earnings, Revenue Rise; Narrows 2024 Earnings Guidance
Nov 9, 2024 11:16 AM

07:33 AM EST, 11/06/2024 (MT Newswires) -- American Electric Power ( AEP ) reported Q3 non-GAAP earnings Wednesday of $1.85 per diluted share, up from $1.77 a year earlier.

Analysts polled by Capital IQ expected $1.80.

Revenue for the quarter ended Sept. 30 was $5.4 billion, compared with $5.3 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.44 billion.

The company narrowed its 2024 non-GAAP earnings guidance to $5.58 to $5.68 per diluted share from $5.53 to $5.73. Analysts surveyed by Capital IQ expect $5.63.

Price: 99.54, Change: -0.86, Percent Change: -0.86

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Uniti Group Subsidiaries Launch $589 Million Offering
Uniti Group Subsidiaries Launch $589 Million Offering
Jan 9, 2025
11:07 AM EST, 01/09/2025 (MT Newswires) -- Uniti Group ( UNIT ) said Thursday that subsidiaries Uniti Fiber ABS Issuer and Uniti Fiber TRS Issuer have launched a $589 million offering of secured fiber network revenue term notes. The company said it will use the net proceeds to repay and terminate its existing ABS bridge facility and for general corporate...
Canadian Natural Resources Forecasts 12% Annual Rise in Production in 2025
Canadian Natural Resources Forecasts 12% Annual Rise in Production in 2025
Jan 9, 2025
11:05 AM EST, 01/09/2025 (MT Newswires) -- Canadian Natural Resources ( CNQ ) said Thursday that it is targeting annual average production of between 1,510 MBOE/d and 1,555 MBOE/d in 2025. The oil and natural gas company said the expected production would represent about 12% growth over 2024 levels based on the mid-point of the range, and that its operating...
Morgan Stanley promotes 173 employees to managing directors, source says
Morgan Stanley promotes 173 employees to managing directors, source says
Jan 9, 2025
(Reuters) - Wall Street giant Morgan Stanley promoted 173 of its employees to managing director roles this year, marking a 12% increase from 2024, a source close to the matter told Reuters on Wednesday. Bank of America also promoted more employees to managing director roles in December, as dealmakers at the biggest U.S. banks prepare for a resurgence in mergers...
Enphase Energy Launches IQ8 Microinverters in Colombia, Costa Rica, Panama
Enphase Energy Launches IQ8 Microinverters in Colombia, Costa Rica, Panama
Jan 9, 2025
11:09 AM EST, 01/09/2025 (MT Newswires) -- Enphase Energy ( ENPH ) said Thursday it is expanding its presence in Latin America by launching IQ8P microinverters with a peak output of 480 watts in Colombia, Costa Rica, and Panama. The devices are designed to optimize energy production, handle continuous DC current of 14 amperes, and pair with solar modules, the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved