American Electric (AEP) Q1 Earnings Lag, Revenues Rise Y/Y

American Electric Power Company, Inc. (AEP) reported first-quarter 2024 adjusted earnings per share (EPS) of $1.27, which missed the Zacks Consensus Estimate of$1.30 by 2.3%. However, the bottom line improved 14.4% from $1.11 recorded in the year-ago quarter.The company reported GAAP earnings of$1.91 per share compared with the year-ago quarter’s figure of 77 cents.Total RevenuesAmerican Electric’s first-quarter operating revenues of $5.03 billion lagged the Zacks Consensus Estimate of$5.29 billion by 5. ...