Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on March 29, 2011, to announce that its management would be meeting with investors between March 29, 2011, and April 7, 2011. During these meetings, AEP intends to reaffirm its previously issued guidance for ongoing earnings per share for the fiscal year 2011, setting the range at $3.00 to $3.20. This guidance was initially communicated on January 28, 2011. The company emphasizes its use of "ongoing earnings" (GAAP earnings adjusted for certain items) as its primary metric for reporting performance and outlook to analysts and investors, as well as for internal performance measurement. This filing serves as a notification to the market about these upcoming investor engagements and the reiteration of financial expectations.
Key Highlights
- 1AEP is reaffirming its 2011 ongoing earnings per share guidance of $3.00 to $3.20.
- 2The reaffirmation is being made during investor meetings scheduled from March 29, 2011, to April 7, 2011.
- 3The company uses "ongoing earnings" as its primary performance metric for communicating with investors and for internal assessment.
- 4This 8-K filing serves as a Regulation FD disclosure regarding the investor meetings and the reaffirmed guidance.
- 5The company's previous guidance was established in an 8-K filing on January 28, 2011.