COLUMBUS, Ohio (AP) _ American Electric Power Co. (AEP) on Thursday reported third-quarter net income of $748.6 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $1.51. Earnings, adjusted for non-recurring gains, came to $1.47 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The utility posted revenue of $4.1 billion in the period.

AEP expects full-year earnings in the range of $4.25 to $4.45 per share.

AEP shares have fallen slightly more than 4% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 6%. The stock has fallen slightly more than 4% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEP at https://www.zacks.com/ap/AEP

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News