AES: Fourth Quarter Financial Highlights

AES Corp. Announces Fourth-Quarter Financial Results

AES Corp., headquartered in Arlington, Virginia, revealed on Friday that it earned $320 million in the fourth quarter.

The company reported earnings of 45 cents per share, while adjusted earnings—excluding one-time expenses—came in at 81 cents per share.

These adjusted earnings surpassed analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had forecasted 62 cents per share.

During the quarter, AES generated $3.1 billion in revenue, which fell short of the $3.49 billion anticipated by analysts surveyed by Zacks.

For the full year, AES achieved a net income of $910 million, or $1.26 per share, with total revenue reaching $12.23 billion.

Since the start of the year, AES shares have dipped by nearly 1%, while the S&P 500 index has remained relatively unchanged. Over the past year, however, AES stock has climbed 30%.