AEP Reports 2020 First-Quarter Earnings
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American Electric Power (AEP) Misses Q1 EPS by 9c, Revenues Miss; Reaffirms FY20 EPS Mid-Point Guidance Above Consensus
May 6, 2020 6:59 AM EDTAmerican Electric Power (NYSE: AEP) reported Q1 EPS of $1.02, $0.09 worse than the analyst estimate of $1.11. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $4.22 billion.
"The continued health and safety of our employees, customers and communities has been our priority over the past few months as we've taken steps to ensure critical electric service during the pandemic. Our front line employees are working in smaller teams, practicing physical distancing, wearing facial coverings and taking other preventive measures. We also have nearly 12,000 of our employees working very effectively from home,"... More
