American Electric (AEP) Q4 Earnings Miss, Revenues Fall Y/Y

American Electric Power Company, Inc. (AEP) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.23, which missed the Zacks Consensus Estimate of$1.27 by 3.1%. The bottom line, however, improved 17.1% from $1.05 recorded in the year-ago quarter.The company reported GAAP earnings of 64 cents per share compared with the year-ago quarter’s figure of 75 cents.For 2023, the company generated adjusted EPS of$5.25, up from $5.09 recorded in 2022. The full-year bottom line, however, missed the con ...