02.11.2023 22:04:34 - dpa-AFX: The AES Corporation Q4 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - The AES Corporation (AES) released earnings for
fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $231 million, or $0.32 per share. This
compares with $421 million, or $0.59 per share, in last year's fourth quarter.

Excluding items, The AES Corporation reported adjusted earnings of $593 million
or $0.60 per share for the period.

Analysts on average had expected the company to earn $0.55 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 5.5% to $3.43 billion from $3.63
billion last year.

The AES Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $231 Mln. vs. $421 Mln. last year.
-EPS (Q4): $0.32 vs. $0.59 last year.
-Analyst Estimates: $0.55
-Revenue (Q4): $3.43 Bln vs. $3.63 Bln last year.


Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AES CORP. DL-,01 882177 Frankfurt 18,152 14.06.24 08:07:50 +0,104 +0,58% 0,000 0,000 18,152 18,152

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH