UPDATE: AES Q2 Net Profit Surges 19% - AES (NYSE:AES)

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AES (NYSE: AES) reported a 19% rise in its second-quarter earnings. AES's quarterly profit surged to $167 million, or $0.22 per share, from $140 million, or $0.18 per share, in the year-ago period. Excluding one-time items, its adjusted earnings surged to $0.32 per share from $0.18 per share. Its revenue declined 0.5% to $4.07 billion. However, analysts were expecting earnings of $0.26 per share on revenue of $4.49 billion. Its gross margin widened to 22.6% from 16.9%.AES shares closed at $12.87 yesterday.

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