For Investors Only: AEP Blows Past Estimate -- Beats By 25 Cents; Ford Disappoints

Reporting today:

• American Electric Power (AEP): forecast 93 cents; see below --
• Ford (F): forecast 31 cents; before market open;

American Electric beats by $0.25, beats on rev; raises FY14 EPS above consensus; reaffirms FY15. FY16 EPS guidance: Reports Q1 (Mar) earnings of $1.15 per share, $0.25 better than the Capital IQ Consensus Estimate of $0.90; revenues rose ~21% year/year to $4.6 bln vs the $4038.65 mln consensus. 

Ford: profits fall 39%; weak around the globe.

Ford Motor Co.'s worldwide sales rose in the first quarter, propelled by growing strength in Asia and Europe. But weakness in North America dragged down the company's profit.
Its earnings missed Wall Street's expectations, while revenue beat. Ford shares fell 3 percent in premarket trading.

Ford's first-quarter net income fell 39 percent to $989 million, or 24 cents per share, down from $1.64 billion, or 41 cents per share, in the January-March period a year ago.

Excluding a one-time charge of $122 million for plant closings in Europe, Ford earned 25 cents. That was far short of Wall Street's expectations. Analysts polled by FactSet forecast earnings of 31 cents per share.