American Electric Power (AEP) reported third-quarter net earnings of $493 million or $1.01 per share, compared to $433 million or $0.89 per share, last year. Operating earnings was $493 million or $1.01 per share, for the quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.01 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $4.3 billion from $4.2 billion, a year ago. Analysts expected revenue of $4.43 billion for the quarter.
Management narrowed its 2014 operating earnings guidance range to $3.40 to $3.50 per share from $3.35 to $3.55 per share. Analysts expect the company to report 2014 earnings per share of $3.47.
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