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AEP misses 3Q profit forecasts

COLUMBUS, Ohio (AP) _ American Electric Power Co. (AEP) on Thursday reported third-quarter net income of $544.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $1.10.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The utility posted revenue of $4.1 billion in the period.

AEP expects full-year earnings in the range of $3.55 to $3.68 per share.

AEP shares have climbed 17 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. The stock has climbed 16 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