AES: 2Q Earnings Snapshot
ARLINGTON, Va. (AP) _ The AES Corp. (AES) on Tuesday reported second-quarter earnings of $17 million.
The Arlington, Virginia-based company said it had profit of 2 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The power company posted revenue of $2.48 billion in the period.
AES expects full-year earnings in the range of $1.30 to $1.38 per share.
AES shares have climbed 13% since the beginning of the year, while the Standard & Poor’s 500 index has increased 13%. The stock has increased 19% in the last 12 months.