American Electric Power Reaffirms FY24 Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Tuesday, electric utility American Electric Power Co., Inc. (AEP) reaffirmed its fiscal 2024 operating earnings guidance in the range of $5.53 to $5.73 per share, with long-term growth rate of 6 to 7 percent.

On average, 19 analysts polled by Thomson Reuters expect the company to report earnings of $5.59 per share for the year. Analysts' estimates usually exclude special items.

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