AES: Q2 Earnings Snapshot
ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — The AES Corp. (AES) on Thursday reported second-quarter net income of $185 million, after reporting a loss in the same period a year earlier.
The Arlington, Virginia-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs, came to 38 cents per share.
The power company posted revenue of $2.94 billion in the period.
AES expects full-year earnings in the range of $1.87 to $1.97 per share.
AES shares have dropped 7% since the beginning of the year, while the S&P's 500 index has increased 14%. In the final minutes of trading on Thursday, shares hit $17.91, a drop of 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AES at https://www.zacks.com/ap/AES
