American Electric Power Q2 Profit Up;backs 2014 Operating EPS View - Quick Facts

(RTTNews) - American Electric Power Co. Inc. (AEP) reported second-quarter 2014 earnings of $390 million or $0.80 per share, up from $338 million or $0.69 per share in second-quarter 2013.

Operating earnings for second-quarter 2014 were $390 million or $0.80 per share, compared with $357 million or $0.73 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew to $4.0 billion from $3.6 billion in the prior year quarter. Wall Street analysts had a consensus revenue estimate of $3.97 billion for the quarter.

The company reaffirmed its 2014 operating earnings guidance range of $3.35 to $3.55 per share. Analysts project annual earnings per share of $3.48.