Summary
American Electric Power Company, Inc. (AEP) filed this 8-K on March 30, 2010, to disclose that management will be reaffirming its previously issued earnings guidance for the 2010 fiscal year. During investor meetings scheduled between March 30, 2010, and April 14, 2010, AEP will reiterate its expected ongoing earnings per share to be in the range of $2.80 to $3.20. The company emphasizes that "ongoing earnings," which are GAAP earnings adjusted for certain items, are its primary performance measurement for communicating with investors and analysts.
Key Highlights
- 1AEP reaffirms 2010 fiscal year ongoing earnings per share guidance of $2.80 to $3.20.
- 2Guidance was originally provided in a Form 8-K filed on January 28, 2010.
- 3AEP will conduct investor meetings between March 30, 2010, and April 14, 2010, to reaffirm guidance.
- 4The company considers 'ongoing earnings' (adjusted GAAP earnings) its primary performance metric for investor communications.
- 5AEP uses 'ongoing earnings' internally for performance measurement against budget and board reporting.
- 6The filing includes a comprehensive list of risk factors that could affect future financial results, typical for forward-looking statements.