03.05.2024 00:48:14 - dpa-AFX: The AES Corporation Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - The AES Corporation (AES) revealed a profit for its
first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $432 million, or $0.60 per share. This
compares with $151 million, or $0.21 per share, in last year's first quarter.

Excluding items, The AES Corporation reported adjusted earnings of $336 million
or $0.50 per share for the period.

Analysts on average had expected the company to earn $0.34 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 4.6% to $3.09 billion from $3.24
billion last year.

The AES Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $432 Mln. vs. $151 Mln. last year.
-EPS (Q1): $0.60 vs. $0.21 last year.
-Revenue (Q1): $3.09 Bln vs. $3.24 Bln last year.

-Guidance:
Full year EPS guidance: $1.87 to $1.97


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AES CORP. DL-,01 882177 Frankfurt 19,850 03.06.24 08:04:55 +0,024 +0,12% 20,025 20,525 19,850 19,826

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