UPDATE: AES Reports Rise In Q3 Profit

AES Corp (NYSE: AES) reported a rise in its third-quarter profit.

AES' quarterly earnings from continuing operations fell by $0.20 per share to a loss of $0.15 per share. On an adjusted basis, AES' profit surged 35% to $0.27 per share. Its consolidated revenue surged 10% to $4.38 billion.

AES also announced its plans to declare a $120 million annual dividend in the third quarter of 2012.

AES projects full-year earnings of $1.08 to $1.14 per share, versus analysts' estimates of $1.05 per share.

AES shares gained 2.57% to close at $11.58 yesterday.