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Shares of American Electric Power (NASDAQ:AEP) rose 0.1% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 9.26% over the past year to $1.18, which beat the estimate of $1.13.
Revenue of $3,800,000,000 up by 8.57% from the same period last year, which missed the estimate of $3,880,000,000.
Guidance
The upcoming fiscal year's EPS expected to be between $4.55 and $4.75.
Details Of The Call
Date: Jul 22, 2021
Time: 09:00 AM
ET Webcast URL: https://www.aep.com/investors/events
Recent Stock Performance
52-week high: $94.21
52-week low: $74.80
Price action over last quarter: down 3.33%
Company Overview
American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million retail customers in 11 states. About 43% of AEP's of capacity is coal, with the remainder from a mix of natural gas (29%), renewable energy and hydro (18%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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