AES Corp (AES) Releases Earnings Results, Beats Expectations By $0.02 EPS

AES Corp (AES) reported quarterly earnings results on Friday, Aug-5-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.15. The company posted revenue of $3229.00 million in the period, compared to analysts expectations of $4069.91 million. The company’s revenue was down -11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

AES Corp opened for trading at $12.38 and hit $12.44 on the upside on Thursday, eventually ending the session at $12.41, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 38,50,873 shares. Company has a market cap of $8,178 M.

In a different news, on Mar 9, 2016, Fabian Souza (VP and Controller) sold 2,764 shares at $10.96 per share price. According to the SEC, on Nov 13, 2015, Santos Bernerd Da (COO) purchased 5,000 shares at $10.13 per share price. On Nov 12, 2015, Elizabeth Hackenson (Sr. VP and CIO) purchased 5,000 shares at $9.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States Andes (Chile Colombia and Argentina) Brazil MCAC (Mexico Central America and Caribbean) Europe (formerly EMEA) and Asia. Within these six SBUs the Company has two lines of business: generation and utilities. Under the generation business line the Company owns and operates power plants to generate and sell power to customers such as utilities industrial users and other intermediaries. Under the utilities business line the Company owns and operates utilities to generate or purchase distribute transmit and sell electricity to end-user customers in the residential commercial industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

AES Corp

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