AES: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 07:04 PM ET
Last Updated - Jun 21, 2023, 10:34 PM EDT
ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — The AES Corp. (AES) on Thursday reported first-quarter earnings of $151 million.
The Arlington, Virginia-based company said it had profit of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 22 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The power company posted revenue of $3.24 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $2.85 billion.
