UPDATE: AES Q2 Profit Down 20%

AES AES reported a 20% drop in its second-quarter profit. AES posted its quarterly profit at $140 million, or $0.18 per share, versus a year-earlier profit of $174 million, or $0.22 per share. Its earnings from continuing operations fell to $0.09 per share from $0.24 per share. Its revenue dropped 5.5% to $4.19 billion. However, analysts were expecting earnings of $0.27 per share on revenue of $4.69 billion. Gross margin declined to 16.5% from 22.4% AES' revenue from the Latin American utilities business dropped 26%. AES shares gained 1.16% to close at $12.25 on Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!