American Electric Power posted its second quarter earnings that surpassed analysts' expectations. Revenue, however, came in lower than expected by the Street.
The electric utility company’s earnings for the quarter were $1.21 per share, well above the $1.17 expected by analysts polled by Investing.com. Revenue of $4.01 billion came in slightly lower than expectations of $4.04 billion.
American Electric Power shares are up +6% from the start of the year, and are outperforming the Nasdaq 100 which is down -25.85% from the beginning of the year.