American Electric's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
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American Electric Power (AEP) reported third-quarter earnings that surpassed the Zacks Consensus Estimate by 3.9%. However, the company has lowered its adjusted EPS outlook for 2024.
November 06, 2024 | 6:00 pm
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NEUTRAL IMPACT
American Electric Power (AEP) reported Q3 earnings that exceeded expectations by 3.9%, but the company has reduced its 2024 adjusted EPS outlook.
The positive earnings surprise is a short-term positive for AEP's stock price, but the reduction in the 2024 EPS outlook may offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100