COLUMBUS, Ohio (AP) _ American Electric Power Co. (AEP) on Thursday reported first-quarter net income of $572.8 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of $1.16. Earnings, adjusted for non-recurring costs, were $1.19 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The utility posted revenue of $4.06 billion in the period.
AEP expects full-year earnings in the range of $4 to $4.20 per share.
AEP shares have increased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 17 percent. The stock has risen 22 percent in the last 12 months.
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